Everton FC is facing financial difficulties, with a reported £650 million in external debt. The club’s financial struggles may lead to the loss of key players, including Amadou Onana, Jarrad Branthwaite, and Dominic Calvert-Lewin. Onana is reportedly close to joining Aston Villa, while Branthwaite and Calvert-Lewin may also depart.
The club’s financial woes are a result of excessive spending on player transfers and wages during Farhad Moshiri’s tenure. The new owners must adopt a more sustainable approach to recruitment and financial management to avoid repeating the mistakes of the past.
Everton’s financial situation is dire, with significant debt and capital expenditures required for stadium costs and operations. Trading players is inevitable, and the club must prioritize reducing debt, increasing revenue streams, and operating within its means.
The new owners must also develop a clear, long-term vision for the club, setting realistic targets and implementing a coherent transfer policy. This includes investing in the squad and infrastructure while ensuring financial sustainability.
In other news, Everton has agreed to a multi-million fee in principle to seal another transfer this summer. The club’s fans are eager to see how the new owners will address the financial challenges and build a strong foundation for the future.
The financial struggles of Everton FC serve as a cautionary tale for other clubs, highlighting the importance of responsible financial management and sustainable investment in the beautiful game.