Everton state of play ahead of January as Sean Dyche faces ‘strict’ problem

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Financially hamstrung and counting every penny. That is the modern-day reality of the once-revered Everton.

When Farhad Moshiri assumed a majority stake in the Toffees, bringing with him his billion-dollar fortune, the fanbase was understandably ecstatic at what the future now held.

He promised to take the club back to where he felt it belonged, and yet instead ended up regressing them.

Now seeking to cut his losses by offloading, with 777 Partners a seemingly welcome recipient, it marks the true failure of what turned out to be one of the biggest false dawns in Premier League history.

Given the unrest surrounding Goodison Park, and the numerous issues they still face, January is unlikely to mark a turning point.

The Liverpool ECHO clearly agree, and despite trying to justify why this era is set to be different from the rest, they still note: ‘The squad may need a lot of work over the coming transfer windows, and any improvements will likely come under a strict budget.’

How much debt does Everton have?

Given the potential FFP sanction they are set to face, which would be the first of its kind for the Premier League and a ground-breaking points deduction at that, there is still understandable worry surrounding the fiscal position of Sean Dyche‘s revitalised Everton.

After all, the debt accumulated has come from years of misspending on managers and players, whilst a costly stadium has quietly drained huge funds in the background.

The club have faced annual losses for five consecutive years, despite trying to attribute much of that to COVID. In total, they have lost £430m thus far, and that is without mentioning the vast loan fees they have amassed too.

Seeking to progress the club on all fronts has backfired spectacularly for Moshiri, who will be desperate to wash his hands of such a costly venture.

However, he still awaits the Premier League’s second verdict, with those involved deliberating the fitness of 777 Partners to run Everton. Realistically, they could hardly do much worse than the Iranian has done.