Everton facing PSR issue after Friedkin transfer stance – Stefan Borson
Everton had a relatively quiet January transfer window after only strengthening their side with the loan signing of midfielder Carlos Alcaraz from Flamengo.
The window has prompted disappointment from some fans, who may have been expecting a more comprehensive overhaul of the squad after The Friedkin Group’s (TFG) takeover.
Everton have faced profit and sustainability (PSR) issues over the past couple of years after they were docked eight points by the Premier League last season for two separate spending breaches.
Finance expert Stefan Borson exclusively told Football Insider the Merseyside giants’ lack of January signings suggests they are still close to the PSR limit, with top-flight sides only permitted to make £105million of losses over a rolling three-year period.
He insisted TFG would have spent money in the transfer window if the club didn’t still have a PSR issue.
But there were no senior exits from Goodison Park last month, with Stanley Mills and Charlie Whitaker making permanent moves to Oxford United and Notts County, while Harrison Armstrong joined Derby County on loan.
Borson previously told Football Insider Everton are set to undergo a “massive” rebuild due to the amount of players out of contract at the end of this season.
There are 10 stars out of contract in June 2025, while four loanees will return to their parent clubs if permanent deals fail to materialise over the coming months.
Everton set for summer spending spree after January drought
Borson insisted Everton are set for an “extremely busy” summer after taking a cautious approach to the January window.
He told Football Insider: “I suspect the new guys came in with a desire to spend money if they could.
“The results on the pitch slightly improved and reduced the absolute urgent need to take risks, so they decided just to pass in this market and look to the summer.
“I think you have got a combination of things. Clearly, they had a PSR issue. If they had no PSR issue, I think there’s no question that the Friedkin’s would have been spending money in this window.
“They wouldn’t have been doing it desperately, but they would have spent something. They spent basically nothing. They are definitely close on PSR, but you would think that they will be fine.
“Once they can get to the summer and get through the 2024-25 PSR test and know that they’re comfortable for that, then the investment and the rebuild can start.
“They will have the new stadium, a more solid base, PSR issues out of the way, the new squad control regime comes in, more revenue through the gate, perhaps more commercial revenue if they can get a naming rights partner.
“It would just be a whole new approach, but I think they probably looked at January and went ‘We just don’t need to take that risk now. We are not going to get relegated this season and don’t need to gamble in January’.
“They have also got a whole raft of players who are out of contract at the end of the season, which will allow them a level of reset. It’s going to be an interesting summer because they should be extremely busy.”
Everton could spend £50m on four new signings
TFG will now be planning for the summer transfer window ahead of the club moving into their new stadium on Bramley-Moore Dock in time for the 2025-26 campaign.
The Merseysiders’ former chief Keith Wyness told Football Insider Everton could spend £50million on four new signings this summer on the back of increased revenue levels.
Deloitte’s 2025 Money League revealed the club’s overall revenue rose from £172million in 2022-23 to £183million last season.
David Moyes has helped ease Everton’s relegation fears in recent weeks after securing three victories in his first four Premier League games, opening up a nine-point gap on third-bottom Leicester City.
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