Everton set for potential £116.5m cash windfall as financial forecast emerges
Everton could be set to rake in a £116.5million landfall, according to a financial prediction in the Mail on the Sunday.
The Mail’s report (28 May, page 106) outlines all the cash Premier League clubs are due to bank from six separate areas, including the divvying up of domestic and foreign TV contracts, and a share of commercial revenue.
It is predicted the Toffees will land £20m from live TV games from the 2022-23 season, while they will receive £6.8m from the share of commercial money – split equally between the 20 top-flight teams.
Champions Manchester City are reported to be bringing in just shy of £166m from Premier League central funds and prize cash, which would represent a record.
The news for Everton comes at a time when Everton have reached an exclusivity agreement with New York based investment company MSP Sports Capital over a potential 25 per cent stake in the club.
Windfall a huge boost to struggling Toffees
It has been a season to forget on and off the pitch for Everton, who head into their final game at home to Bournemouth on Sunday (28 May) knowing only a win is enough to guarantee safety.
The chasm between boardroom and the terraces has grown only stronger, with a disgruntled fanbase voicing their displeasure of what they view as a series of poor decisions.
Issues off the pitch have mounted too, with costs for the club’s new stadium being built at Bramley Moore Dock rising from £500m to approximately £760m.
Which is why the news of a significant cash injection could scarcely be more timely, more could it be a more stark reminder of the need for Everton to preserve their top-flight status.
Dropping down to the Championship at this juncture could have serious ramifications for Everton. If they can survive the drop, though, perhaps the corner can be turned at Goodison Park.