Everton Secures Significant Financial Windfall After Premier League Final Day Drama
Despite suffering a defeat to Arsenal on the final day of the season, Everton has secured a “significant” financial windfall by finishing in 15th place in the Premier League. According to football finance expert Dan Plumley, clubs earn an extra £3.1m for every place they move up the table, plus additional funds for finishing on TV. Based on last season’s numbers, Everton could earn around £120m for their final finish.
Plumley explained, “Every spot is worth £3.1m in merit payments, so if you jump up a couple of places, that’s £6.2m. Every gap is worth £3.1m, so you can look at the situation.” He added, “There will still be some flux in that depending on how many times you’ve been on TV, which is worth 25% of the total pot as well.”
The financial situation at Goodison Park is currently precarious, with 777 Partners’ takeover looking uncertain and the future of the club up in the air. However, the extra £3.1m earned by finishing in 15th place is a significant boost, especially considering the financial problems the club is facing.
Furthermore, if Everton had not been deducted eight points earlier in the season, they would have finished in 12th place, earning an additional £9m-plus. While the point deduction was a significant punishment, the club can be relieved to have secured a decent finish and the accompanying financial rewards.
In a season marked by turmoil and uncertainty, Everton’s Premier League survival and 15th-place finish are a welcome respite. The financial windfall will provide a much-needed boost to the club’s coffers, and fans will hope that this stability can translate to on-field success in the future.