A new stadium will provide a huge boost for Everton in their fight to avoid financial fair play penalties — the big-money transfers are set to continue.
That is according to finance wizard and new Football Insider columnist Kieran Maguire, speaking exclusively after Everton were granted planning permission for a new £500million waterside stadium on Merseyside’s Bramley-Moore Dock.
Maguire has spoken before about Everton’s anxieties regarding FFP, and so fans will be optimistic to hear that the new stadium will provide a boost.
The club posted an eye-watering loss of £139.9m for the last financial year — under Premier League FFP rules, clubs can lose just £105m over a three-year period.
But under current regulations, explains Maguire, stadium construction costs do not count towards FFP limits and Everton are set to profit majorly from their new home.
He told Football Insider correspondent Adam Williams: “I think potentially the stadium will actually be a positive in terms of financial fair play in the short-term and the long-term.
“Because infrastructure costs are exempt, Everton will get the benefit of the additional income of the new stadium without having to put through any of the costs.
“So this would actually allow Everton to spend more money in the transfer market and more money on wages, which will make them more competitive in terms of trying to break into the big six.”
Everton fans will be optimistic that additional stadium revenue will be spent wisely in the transfer market, with recruitment chief Marcel Brand set to sign a new deal.
The Toffees sit 7th in the Premier League and the 2-0 win over Liverpool on Saturday brought them level on points with their Merseyside rivals with a game in hand.