Everton face the potential departure of key players Amadou Onana, Jarrad Branthwaite, and Dominic Calvert-Lewin this summer, as reported by the Esk.
The Esk, known for its reliable financial insights regarding Goodison Park, stated on X (formerly Twitter) on July 13 that the club is dealing with £650 million in external debt.
According to Ben Jacobs, also on July 13, Onana seems poised to join Aston Villa, having reached an agreement on personal terms after discussions with Unai Emery.
The Esk commented: “Despite new ownership, we’re paying for Moshiri’s mistakes by potentially losing DCL, Branthwaite, and Onana. A complete rebuilding is needed. This has been in everyone’s business plan to manage some debt and reduce capital expenditure. It reflects how distressed our assets have become.
“We must remember our external debt is nearly £650 million. The new owners need to cover remaining stadium costs and operations, plus Moshiri’s share. Trading players is unavoidable due to our financial situation.”
It’s crucial for the new ownership to avoid repeating Farhad Moshiri’s errors, which have greatly contributed to the club’s current financial challenges.
Moshiri’s tenure involved heavy spending on player transfers and wages, leading to a bloated squad and financial instability without achieving significant on-field success. This has left Everton struggling in the Premier League and facing possible relegation battles.
The new owners need to adopt a more strategic approach to recruitment, focusing on sustainable investment in the squad and the club’s infrastructure. This involves developing a long-term vision for the club, setting realistic targets, and implementing a coherent transfer policy that balances immediate success with building a strong foundation for the future.
Additionally, improving the club’s financial health should be a priority, which includes reducing debt, increasing revenue streams, and ensuring the club operates within its financial means.
