‘It’s a big sum of money’ – Everton game-changer hailed after owners’ green light
Everton’s owners have continued to show their ambition by injecting £107million into the club in a game-changing move.
That is according to football finance expert Dr Dan Plumley who exclusively told Football Insider the positive implications that could come about at Everton after fresh investment.
Everton’s owners, The Friedkin Ground, have previously put money into the club to pay off stadium debt and to back manager David Moyes in the transfer market.
Plumley previously told Football Insider of the positive PSR position Everton are currently in to be able to spend in the January window.
Finance expert reveals all possibilities at Everton after cash injection
Sources say the cash injection will be used to cover day-to-day operations at Everton, but speaking exclusively to Football Insider, Plumley believes the money could be used on a number of things.
“In terms of possibilities on what that could be spent on, there’s always a number of things. You could use it to fund players and wages and operating costs right now, you could use it to look at infrastructure projects,” Plumley said.
“It could be linked to some of the debt that got existed to the stadium, or it could be clearing down all the debts, or it could be fuelling up for the January transfer window.
“All those things are possibilities. Whichever way you cut it, again, it’s a big sum of money, and a real commitment from the ownership group in the broader sense of the term given what’s already got in, of course, from a PSR position and a long-term position.
“If it goes in share capital it goes in as equity and it’s not in as a loan. So it helps the PSR perspective.
“Also, it means that they can’t get that money back in time so, you know, you can roll all that together and it’s another positive injection.”
Everton will have a ‘priority order’
When prompted on what Everton should make their top priority, Plumley believes wiping off debt should be first on the list.
“That could be a viable strategy [clearing debt], and that would be what you would term as probably one of the more financially sustainable objectives in that regard,” Plumley commented.
“But, of course, we also know the world of football is a 100 miles an hour, and you have to go win games on a Saturday.
“Paying down some existing debt is sensible, but, again, it could be used for a number of things, and they will have a kind of priority order.”