Revealed: Everton hit by crushing new transfer blow - sources
Everton will have no money to play with in this summer’s transfer market regardless of whether they avoid Premier League relegation, sources have told Football Insider.
The Merseysiders’ top tier status is hanging by a thread going into the final weekend of the campaign.
Should Everton stay up there will huge relief among both supporters and club chiefs.
But it will not be followed by the kind of spending that marked the early years of Farhad Moshiri’s Everton reign.
Instead, Football Insider has learned from well-placed sources that Everton will operate a sell-to-buy policy in which they must offload some of their more valuable assets to generate the funds for new signings.
That will be a crushing blow to manager Sean Dyche as he will be forced to work with the kind of financial restrictions he may have felt he had left behind at former club Burnley.
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Overall, Everton’s combined losses for the past three financial years stand at £305.5m.
A club that are immersed in a second successive battle against relegation and have been referred to an independent commission over an alleged breach of Premier League financial fair play rules has lost a staggering £417.3m over the past four years.
The Toffees are currently one place above the drop zone after salvaging a point against Wolves on Saturday (20 May) thanks to Yerry Mina’s 99th minute goal.
Leicester City could join Dyche’s side on 33 points but push them into the relegation zone based on goal difference heading into the final game of the season if they can secure a win against Newcastle United on Monday night(22 May).
The former Burnley boss returned to the Premier League in January and replaced Frank Lampard at Goodison Park in an effort to keep them in the English top flight.
In other news, huge news on £600m full takeover of Everton.