Kenny suggest major FFP issues at Everton after latest confirmed transfer news
Everton may have reined in their transfer spending this summer because of the costs of constructing their new stadium.
So say ex-Premier League goalkeeper Paddy Kenny, speaking exclusively to Football Insider about Everton’s activity in the transfer window so far.
Everton announced they had taken control of the Bramley-Dock site on 26th July and immediately began work on their new 52,000-seater home.
And Kenny claims that the costs associated with the stadium move could explain Everton’s relative lack of investment in the transfer market.
He told Football Insider correspondent Adam Williams: “The money they are spending on the new stadium might have an effect as well.
Subscribe to Football Insider TV now
“They are really struggling with the finances and the fair play and we have seen them make these losses and that’s not good.
“But I’m sure this stadium will provide them with more money and income to spend on wages and new players in the long run.
“I like the signings they’ve made. I like Andros Townsend and Demarai Gray.
“Begovic is an experienced pro and he’s going to be good to have around Pickford to help him out.”
Infrastructure costs are exempt from FFP but can, depending on the financing arrangement, affect cash flow from owner to club.
Everton posted an eye-watering loss of £139.9m in their last set of accounts.