Dr. Rob Wilson of Sheffield Hallam University has suggested that Everton could face up to years if they stay up in the Premier League at the end of the season.
The Premier League side announced a £120.9million loss in their recent financial accounts. The accounts were released on 29 March (Tuesday). According to Guardian, this recent financial account takes the club’s losses to over £371.8million in the last three years. This figure crosses the financial numbers allowed by the Premier League, £105million.
Just like every other team in the world, Everton too suffered from massive financial setbacks due to the Covid-19 outbreak. The Premier League side is still trying to recover from the financial setbacks they suffered during this time. This meant that the club had minimal funds for the summer transfer window.
The club signed Salomón Rondón, Andros Townsend, and Asmir Begovic on a free transfer in the summer. The signing of Demarai Gray was the pinnacle of Everton’s summer transfer window. While the club’s spending in the last summer window also set the club back a lot. They signed Ben Godfrey for £25million, Allan for £21.7million, and Doucoure for £25million last summer.
Sheffield United’s losses in the Covid times was £21million. While Aston Villa’s losses in the Covid times were close to £56million. These figures are way less than Everton’s loss in recent years. While Everton are currently in the thick of the relegation battle. There is no guarantee that the club survives the drop at the end of the season. While if the club does survive the drop, the club could certainly be handed a massive points deduction like Derby County next term.
Dr. Rob Wilson’s verdict on Everton’s financial situation
Talking to Daily Mail about Everton’s financial situation, Dr. Rob Wilson of Sheffield Hallam University said:
“You would imagine the clubs that are fighting down at the lower end of the table might get quite vocal.”
“If you are in the bottom six you have been especially impacted. That transfer activity has still improved Everton’s playing performance beyond what other clubs could do.”
“we have not seen it before on this scale. Nothing like this, but then Covid was unprecedented. The Premier League will have to decide what it is prepared to bear. “
“They are going to be very fortunate if they do not get sanctioned because the losses are significant. It will be skin of the teeth stuff.”
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