The word 'profit' implies success. All our 'profit' went entirely to the banks.
On a related note, after 31st May 2012, Everton have to find another £24m, as £24m worth of loans are going to mature become due to the banks after that point.
So expect Fellaini and/or Rodwell and/or Bily all to be sold, and the fees received all go to the banks to pay off this £24m.
And obviously none of that money to be spent on replacements. So the squad gets smaller, and you can see a mile off what's gonna happen - Gueye replaces Bily, Barkley replaces Rodwell, and maybe we'll get a player on loan to replace Fellaini.
We're basically canibalising ourselves, and eventually there will come a time when there will be no-one left to sell and we'll have the maximum number of loan players at the club. That's when the problems will really start.
Maybe Uncle Bill the Evertonian will do a Leeds and sell the Goodison Park stadium at that point, getting money to pay off the banks, and we'll become tenants. I'd say it doesn't bear thinking about but it's too important to ignore.