Kieran Maguire: Everton have taken FFP 'hit' after £49m Benitez report
Rafael Benitez’ compensation package will be “yet another” blow to an already stretched Everton financial fair play situation.
That is the view of finance guru Kieran Maguire, speaking exclusively to Football Insider about the Toffees’ FFP prospects after sacking the Spaniard.
Everton confirmed last Sunday week (16 January) that Benitez had departed the club after fulfilling just six months of a three-year deal.
Per the Liverpool Echo last Wednesday (19 January), Moshiri will have spent in the region of £48.6million on paying off managers since his takeover in 2016.
The Merseysiders are yet to reveal their annual report for 2020-21 but posted league-record losses of £139.9m last term.
That has left them in a perilous situation under the Premier League’s profit and sustainability rules.
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And Benitez’ early departure will further impact their ability to recruit and comply with FFP, claims Maguire.
“It was very evident last summer that Everton had very little room to manoeuvre in terms of recruitment,” he told Football Insider’s Adam Williams.
“They have eliminated some costs on the club, James Rodriguez for one. That has freed up space on the wage bill to be able to recruit.
“But yet another manager has gone. It was a three-year contract and his representatives will be looking for full payment.
“That is going to hit their overall cost base for the 2021-22 season, which will therefore impact on their ability to recruit players in the summer.”
Everton have a positive net spend this season of around £6m.
The January acquisitions of Nathan Patterson and Vitality Mykolenko have been offset by the sale of Lucas Digne to Aston Villa.