Blues record more losses

For the second year running Keith Wyness has overseen a drop in turnover at Everton Football Club, as the club freefalls from part of the 20 richest clubs in the world to a position which sees turnover down almost £10m in 48 months.

Wyness insists this is due to poor performance on the pitch as the Blues finished 11th in the Premier League for the period covered by this year's financial reports.

He conveniently forgets the borrowing taken on as the Blues headed for the big Sky payout in comfort.

Wyness also claims the purchase of Andrew Johnson and Joleon Lescott affect this, although quite how spending money will bring overall turnover down is a mystery.

The final nail in the coffin of Wyness' career must surely be the operating loss of £500,000 from a £3.5m operating profit last year. This being despite having very little actual operating costs outside of his own office and that of the communications team, with almost every other loss-incurring activity outsourced.

Wyness has taken the club further into debt too, with total borrowing up to almost £70m. Quite how the man can justify his £420,000 salary when the club is making a loss and the turnover is spiralling is beyond reasonable comprehension. The man lies to the fans (see his disastrous comments on Kirkby for that!) and has increased deby while reducing turnover.

He then blames this on player purchase. The very same man who insisted less than 2 years ago that he didn't want Everton "to do a Leeds."

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