Everton get financial boost in new £132.2m revelation
Everton will undoubtedly have realised the financial importance of being a Premier League club next season.
The Friedkin Group took over at the helm and their primary goal would be to keep the side in the English top flight.
They’ve already made big moves which have included sacking Sean Dyche, bringing back David Moyes and also signing Carlos Alcaraz on loan in the winter transfer window.
Everton banked a colossal £132.2m from TV and commercial money last season
Finance Expert Kieran Maguire has revealed the Premier League data showcasing the Toffees earning a staggering £132.2million from TV and commercial money last season.
The breakdown has also been revealed with £55.7million equally shared among all 20 clubs and the rest was split based on a number of factors.
Relegation would be devastating for the new owners as they would miss out on all this additional income.
To add to that, players are on Premier League wages and some of them may not have relegation clauses in their contracts either.
This would undoubtedly put further pressure on the club as they’ve already been through financial hardship in recent years.
Everton will be moving into Bramley-Moore Dock next season
Staying in the Premier League is crucial for the Toffees as they prepare to transition into their new stadium at Bramley-Moore Dock.
The financial benefits of the top flight membership are significant, including substantial television revenue, sponsorship deals, and matchday income which are vital for covering the costs associated with a new stadium build and ensuring its financial viability.
Additionally, remaining in the top tier ensures Everton will retain their brand value and global visibility, which are essential for attracting top talent and maintaining a competitive squad.
Relegation would not only mean a loss of prestige but also a drastic reduction in revenue, potentially jeopardising the club’s ability to service debts incurred from the stadium project.
Moreover, the prestige of playing in the Premier League can significantly boost fan engagement and season ticket sales in the new venue, setting a positive tone for the club’s future.