Finance Expert shares FFP verdict at Everton as transfer news emerges
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...
Dan Plumley has insisted that Financial Fair Play is still a factor at Everton despite their main concerns currently the overall financial picture as well as the wage bill.
The finance expert admitted that player sales are rarely seen until the following years accounts, with Anthony Gordon and Moise Kean being sold this season with no real purchases themselves.
Gordon was sold for £45million to Newcastle in January, with Kean now set to bring in another £24.6million from Juventus, with that total set to go near £70million.
“In terms of transfers, you never quite see it until it gets into the accounts,” he exclusively told Goodison News.
“The first thing to consider is if the transfer is done upfront or in instalments because that will impact the position per year which FFP will take into account.
“If it does go in and it’s in there then you can realistically spend against that, for sure, but obviously there is the other side of the equation, the cost we’re talking about and the overall finances.
“FFP is still a factor but there is also so much up in the air with that, we don’t really know where the Premier League stands on it, UEFA has scrapped it for new financial sustainability regulations, the Premier League have kept their own.
“We’ve had the issue around Everton with COVID losses and how that has affected FFP, so I think it is a factor but it is in the air. That brings you round to the overall financial picture at Everton, which is something that we know is a problem, the concern is the wage bill and everything around the club.”
With Kean set to be sold after Gordon, nearly £70million should be realistically available to spend in the summer, but that will only count if the Toffees stay in the Premier League.
Relegation to the Championship would be a disaster, and that money would need to be used to keep Everton afloat – that is how bad things could be.