Everton ended the summer transfer window having provided an £82million boost to the club’s finances, Football Insider can reveal.
On paper, the Toffees’ transfer spend was reported at £35million after bringing Beto, Chermiti, Arnaut Danjuma,
Ashley Young and Jack Harrison to Goodison Park.
However, as revealed by The Athletic, the only transfer payment set to be paid by Everton this fiscal year is the
£3million loan fee to Villarreal for Danjuma.
Instalments over Beto’s £26million move aren’t set to begin until next year – the same with Chermiti’s £10.7million move from Sporting Lisbon.
Everton’s finances will be boosted by the £45million generated from player sales and £40million drop in wages, with the only outgoings being Danjuma’s £3million loan fee.
Everton’s largest selling of the summer was Alex Iwobi’s £22 million transfer to Fulham, however sales of youth standouts Tom Cannon and Ellis Simms also generated a sizeable sum of money.
The reduction of their salaries is essential for the Merseyside team because Andros Townsend, Jean-Philippe Gbamin, Yerry Mina, and Tom Davies all left the club without earning any money for the club.
Due to the continued building of the Bramley Moore Dock stadium and the failure of investment negotiations with MSP Holdings, Everton is currently experiencing a financial crisis.
On Tuesday, September 5, Football Insider reported that Everton had to sell three stars on the deadline day in order to comply with FFP rules.
Over the last three years, the Toffees have lost a stunning £371.8 million, but a profitable summer transfer window will help to cut their losses for the 2023/24 accounts.
