Everton will miss out on a PSR boost that other clubs have managed to capitalise on – to the tune of £160m in one especially lucrative case.
The Toffees are in a race against time to get within the Premier League’s three-year £105m loss limit ahead of what has been dubbed a ‘mini deadline day’ on 30th June.
After that date, the Profit andRead more news on https://sportupdates.co.uk/roll over to the next assessment window.
Any clubs over the limit in the previous period are liable to receive a fine or a points deduction, just as Everton and Nottingham Forest learned in 2023-24.
Supporters will be desperately hoping that the expected arrival of Dan Friedkin as Farhad Moshiri’s successor will ease their financial issues in the long term.
In the meantime, they will welcome any extra income they can find in order to remain PSR compliant.
But one particular source of income has evaded them.
Everton won’t get Goodison Park PSR sale boost
When Everton moves to Bramley Moore Dock in 2025, they won’t be able to collect a sizable sum of money through the sale of Goodison Park, according to reports from ESPN.
The primary explanation is allegedly the stadium’s historic position. Additionally, after the migration, the current location will be developed for community uses.
The new stadium, a Read more news on https://sportupdates.co.uk/ is expected to come with an overall cost of about £800 million.
And while the sale of Goodison Park would have been subtracted from their PSR calculation, that amount, which is being funded by a combination of internal and other sources, will not.
Importantly, the Premier League has experienced something similar in the past.
Arsenal, West Ham and Chelsea secured huge income for land sales
Unlike Everton, Arsenal and West Ham have profited greatly from the sale of their former stadium locations after moving to more favourable locations.
When the Gunners sold the High bury site to real estate developers in 2010, they ultimately made about £160 million, setting a club record for revenues at the time.
More recently, Chelsea paid £76 million to another business in Todd Boehly’s ownership network for the sale of two on-site hotels at Stamford Bridge.
Despite being contentious, the Premier League seems to have approved the action, which might help them over the PSR threshold.
If Everton’s home ground could have offered them a similar send-off gift in the shape of a substantial PSR bonus, they would have been overjoyed.
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