Everton set for £30million annual shortfall as another sponsor deal set to end – report
Everton are set to end their sponsorship deal with Cazoo at the end of this season, according to The Athletic.
This comes days after deals with USM Holdings, MegaFon, and Yota were all suspended due to the developments in Russia.
It now means that Everton face an annual shortfall of almost £30million with no new deals in place as things stand.
Writing for The Athletic, Boyland shared the latest news coming from Goodison Park in what has been a crazy week.
“The Goodison Park club now face significant commercial challenges after three of their other sponsorship deals were suspended,” he wrote.
“Earlier this week, they suspended their deals with Russian companies USM Holdings, MegaFon, and Yota.
“Combined with the deal with Cazoo, this could mean an annual shortfall of close to £30 million.”
Problem.
This week has not been a good one for the Toffees.
After Farhad Moshiri cut ties with Alisher Usmanov in the week, three sponsorship deals were thrown into dust.
Alongside that, Usmanov also had first-naming rights on the new stadium, but that appears to have gone too.
Add the Cazoo deal and a potential £30million shortfall that could have a big impact on the immediate future of the club.
What does this now mean for the immediate future?
Will Moshiri need to pump more of his own money into the club? Either way, there isn’t much in the way of sponsor finance coming in.
Answers are needed, so hopefully, they come sooner rather than later.
In other Everton news, Stan Collymore unloads after what he was watching in the Toffees clash against Boreham Wood
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