Dan Friedkin’s controversial deal is driving force behind giant emerging Premier League situation
Dan Friedkin’s move to sell the Everton Women’s team has helped push for dramatic change in the Premier League.
Everton set up a separate company to sell their women’s team over the summer as the Toffees looked to book upwards of £60million in pure profit.
There was hope that this would allow Everton to spend well in the summer window, given an improved situation regarding PSR.
The deal from Friedkin and Co. was certainly controversial, with financial expert Stefan Borson struggling to rationalise Everton’s move to sell the women’s team.
It now looks as if the Friedkin Group have contributed to a potentially fresh approach in the Premier League as rules look set to change.
Everton contributed to cause for Premier League financial rule change
Everton didn’t look likely to breach PSR over the summer despite completing signings of players like Kiernan Dewsbury-Hall, Tyler Dibling and Thierno Barry for sizable fees.
That didn’t stop the hierarchy from assessing methods to further boost finances before the season kicked off at the Hill Dickinson Stadium.
The move to sell Everton Women’s to a sister company was taken up as an option, but it remains to be seen what doors this has opened for the men’s outfit.
It does look to have kick-started a move for financial change among other Premier League sides after Aston Villa and Chelsea also echoed the Toffees’ antics.
Top-flight outfits look set to agree on new rules that will replace Profit and Sustainability Rules with a similar system to UEFA’s Squad Cost Rules.
The use of loopholes by Everton, Villa and Chelsea has caused some resistance but has also been seen as a driving force for change to limit how much a club can spend on wages and transfer fees.
How will the new Premier League financial rules work?
There have been widespread complaints against the current ruling and how it only seems to benefit the so-called “big six”.
It’s no surprise that change is in the pipeline, but it is fair to say several interested parties will be concerned about how they will be affected.
New outlines will limit Premier League clubs to spending 85 per cent of their total revenue on wage and transfer expenditure.
If any side breaches this limit, fines will be handed out before points deductions come into view for those who spend over 115 per cent of their revenue.
This could have a positive impact on the division as a whole, but it is truly yet to be seen how the work of Everton, Aston Villa and Chelsea could impact the league’s finances moving forward.
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