Everton squad has plenty of space but finances still hamper incoming transfers despite Richarlison exit

Everton are still not in a position to spend heavily despite the mega-money sale of Richarlison, according to Sky Sports on Tuesday (05 July).

The Toffees sold the Brazilian to Spurs for £60million, and the exits of Fabian Delph, Cenk Tosun, Jonjoe Kenny and Gylfi Sigurdsson have left numerous spaces to fill in the squad.

However, Sky have now reported that Frank Lampard still doesn’t have financial leeway due to the FFP restrictions that have shadowed over the club for years now regardless of those exits.

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Writing in their live transfer blog on Tuesday afternoon [14:25, 05 July], Sky Sports shared the latest state of play in the Toffees squad this summer.

“The sale of Richarlison to Tottenham in a £60million deal last week has left the club without their leading Premier League scorer from last season, a campaign in which they were without injured England striker Dominic Calvert-Lewin for long periods,” they wrote.

“The departures of Fabian Delph, Cenk Tosun, Jonjoe Kenny and Gylfi Sigurdsson after the expiration of their contracts leave a number of places available, but Everton’s finances, having posted cumulative losses of more than £370m over the last three years, mean they are not in a position to spend heavily.”

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Photo by Tony McArdle/Everton FC via Getty Images

Nothing.

So, it looks as though the Richarlison sale was made in order to keep the club afloat and away from any punishments regarding those FFP restrictions and rules.

£60million has come in and Lampard, alongside Kevin Thelwell, may get nothing of that to spend on new players as the squad starts to look paper-thin.

Loans and free transfers will have to be targeted whilst other clubs bring in big money signings left, right and centre.

We still can’t believe it has been allowed to get to this point, but the squad will not be looking very good as things stand upon the return to pre-season training.

James Tarkowski has been confirmed and that was a good start, but looking around, there aren’t many other good options in terms of free agents to snap up.

The loan market could now be critical, with multiple spots desperately needing to be filled now.