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View: Everton in hot water as Kieran Maguire shares fresh finacial figures amid FFP study

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Everton spent just £1.7million during the summer transfer window due to Financial Fair Play restrictions, and their struggles appear far from over.

While they made a net profit on transfers of £12.6million, they experienced a net loss of £157.3million in the previous three seasons, and the latest findings from Kieran Maguire – a football finance lecturer at the University of Liverpool – hints at more trouble.

As shared by Sportsmail, Everton still need to make a profit of £35million to balance the books if they must operate within FFP limits.

While the likes of Tottenham Hotspur and Liverpool have a potential spend of £400million and £273million respectively, as per Maguire’s study, the Toffees practically have to make big-money sales in subsequent transfer windows in order to be able to make any signings.

Rafa Benitez had to rely on free agents in the summer, with Demarai Gray the only player he was able to afford.

Everton want to become a top-six side, but they need to make quality additions to make that happen.

However, the fans should expect little activity in the subsequent transfer windows as the club have a lot of work to do to meet up with FFP demands.

Everton have spent around £500million in transfer fees since majority owner Farhad Moshiri took charge in 2016, with former director of football Steve Walsh and incumbent Marcel Brands signing players who have mostly struggled to improve the club’s fortunes on and off the pitch.

44 players have been signed on permanent and temporary deals since the summer of 2016, but only a few of them have impressed, and bringing in more quality additions could prove arduous.

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