They used their cash reserves to part pay for the club. £40m. The interest on their debt is believed to be 9%. Yes they can sell players but that makes it harder to come back up.
You might be right and they'll be fine. But i think they are in trouble.
I wasn't building coming back up into the equation. That's why I said League 1 (England obviously - although a relocation to France might work!) in four years.
If they sell Pope, Tarkowski, McNeill, Cornet in the summer. Three of those will be all profit (or close enough) and cornet will go for lots more that brought for.
Edit - apparently Tarkowski is free in summer. That changes the game, that £25m right there
That's leaves them with a squad good enough to compete for the Championship play offs.
But that's squad is also all over 30s pretty much.
Miss out on promotion and suddenly they have an aging teams and looking to break even.
So they should be ok for two years.
Year 3 becomes a huge struggle.
Year 3 or 4 is probably relegation.
And with the buy out situation, they are fudged.
Everton still have the harder run in by far. So they might get away with it.