Dr Dan: Everton to find it harder to break into elite
We’re delighted to welcome football finance expert Dr Daniel Plumley as our exclusive columnist. Each week he’ll be giving his views on the biggest talking points at Everton...
Everton will now find it harder to break into the elite and establish themselves as a team fighting for Europe every season.
That's according to Dr Dan Plumley who claims that the proposed UEFA regulations have made it even tougher for teams like the Toffees.
According to the BBC, if the new FFP rules are agreed upon then in 2023 clubs will be allowed to spend 90 per cent of their income, reducing to 80 per cent in 2024 and 70 per cent a year later.
They are also planning to increase the permitted losses over a three-year period from €30million (£24.98million) to €60million (£49.96million).
Discussing the impact on Everton, the Sheffield Hallam University expert told Goodison News, "It doesn't help Everton or any other clubs outside the elite.
"These new rules will only make it tougher for them to catch up with the rest.
"The best way to improve your squad is through buying new players and this limits their ability.
"There are few clubs in the Premier League stretching over the 100 per cent wages to turnover.
"With this UEFA recommendation, even they could bring themselves in line with these numbers.
"The problem is that you're cutting costs to achieve that number and the best way to bridge the gap is by increasing costs."
The Toffees are also flirting with a potential points deduction from the Premier League due to falling foul with FFP.
They're also in the midst of a relegation scrap, with only a three-point cushion over 18th-placed Burnley.