By Pete O'Rourke, Transfer Correspondent

31st Mar, 2023 | 4:00pm

Sources: Everton 'fire sale' on the cards

Relegation will trigger a fire sale at Everton this summer, sources have told Football Insider.

The Toffees expect to lose a large portion of their playing squad if they suffer demotion to the Championship.

As reported by The Telegraph last Friday (24 March) Everton are in danger of being punished for breaching financial fair play rules after recording losses of £371.8million over the last three seasons.

Football Insider sources revealed on Wednesday (29 March) that Everton finance director Grant Ingles is privately confident that the club will receive a positive outcome from their FFP allegations.

With finances already becoming an issue in the Premier League, the Toffees would need to hugely lower their wage bill if they were relegated.

On top of their wage bill and day-to-day spending, Everton are also still funding their new 52,888-capacity stadium at Bramley-Moore Dock.

Club chairman Farhad Moshiri claims the stadium will cost the club £760million – £260million more than the initial figures proposed by the club.

The Merseyside outfit would have no choice but to offload their biggest stars over the summer in order to save the club from financial ruin.

Everton currently sit 15th in the Premier League table under Sean Dyche, but they are just two points ahead of West Ham who occupy the final relegation spot in 18th.

To make matters worse, the Hammers boast two games in hand on the Toffees, with Everton left with just 10 games in the season to ensure their safety.

In other news, Chelsea are losing more money than Everton as FFP bombshell revealed