Everton: £311m revelation made by Kieran Maguire amid financial chaos
Everton have accrued £311million in net debt – a figure that’s lower than only Chelsea, Arsenal, Manchester United and Tottenham.
Football finance expert Kieran Maguire explains that it’s calculated by adding the borrowings and transfer payables and deducting the cash and transfer receivables.
The Toffees are already in cold water with their finances, having received two separate point deductions this season and they have decided to appeal the second one as well.
Via Twitter, Maguire wrote: “Football Net Debt, measure used by UEFA = borrowings + transfer payables – cash – transfer receivables, 35% to £5.25bn. It’s figures such as these that make the PL, according to CEO & assorted right wing loons ‘The Envy of the World’ and justifies their opposition to regulator.”
Everton find themselves in a tricky financial situation
The club have already been penalised with two separate point deductions this season, with an appeal pending for the second one.
This financial turmoil is compounded by the club’s ongoing appeal and the uncertainty surrounding the takeover by 777 Partners.
The delay in the takeover process and the Premier League’s scrutiny of 777 Partners’ financial capabilities have further exacerbated the situation.
Everton’s ability to navigate this difficult financial landscape will depend on their ability to secure a stable ownership structure and address their debt issues.
The club’s efforts to appeal their point deductions and the outcome of the Premier League’s investigation into 777 Partners’ takeover bid will be crucial in determining their short-term and long-term financial stability.
It’s evident that their financial situation is exceptionally challenging, and the club face a complex set of issues that will require effective management and strategic decision-making to overcome.
In other Everton news, Sky Sports journalist Kaveh Solhekol has issued an update over a further points deduction this season.
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