Keith Wyness reveals how much insurance money Everton will receive from Jack Grealish blow
Everton have been hit with a financial blow after Jack Grealish suffered a season-ending injury.
That is according to ex-Everton, Aston Villa, and Aberdeen chief executive Keith Wyness, speaking exclusively to Football Insider, after it was revealed Grealish would require surgery on a stress fracture in his foot and he would likely be out for the rest of the season.
Grealish has been backed to join Everton on a permanent deal when his loan spell from Manchester City expires.
Everton could sign Grealish for £20million in the summer, with the 30-year-old having made a positive impact at The Hill Dickinson Stadium.
Everton hit with Jack Grealish blow
Everton’s former chief Keith Wyness – who served as CEO at Goodison Park between 2004 and 2009 and now runs a football consultancy advising elite clubs – states the club will face a “financial loss” due to Grealish’s injury.
Speaking on the new edition of Football Insider‘s Inside Track podcast, Wyness believes the amount could be “substantial.“
He told Football Insider‘s Inside Track podcast: “Yeah, look, there will be a financial loss certainly for Everton in terms of this.
“I mean, people have been asking me about is there insurance and those sorts of things. Well, there will be an element of insurance, but it won’t be insured fully for the whole amount that they’re contributing towards his wages.
“The way the insurance will work is probably a percentage will be allowed against that. So they’re still going to get stuck with a significant amount, and it could be quite substantial till the end of the season. So there are really no winners in this whole situation. But I think this will all be taken into account at the end of the year.”
Everton bring in attacking reinforcement
Everton signed Tyrique George on loan from Chelsea to add attacking depth to their squad for the remainder of the season.
The 20-year-old has had limited opportunities to break into the first team at Chelsea, and Everton hold an option to buy the forward at the end of the loan spell.
The move will also increase competition for the likes of Tyler Dibling, who has yet to make an impact on Merseyside since his arrival.