Everton won’t be able to take entire £60 million home through Richarlison sale

Everton will finally bid adieu to Richarlison after a four year stay in Merseyside. The Brazilian arrived from Watford after producing flashy performances for the Hornets, pushing the Toffees to spend £35 million on the attacker.

In four seasons, Richarlison has scored 53 times for the club and registered over 150 appearances. He had become a fan favourite and a regular name on the team sheet. In fact, along with Dominic Calvert-Lewin, they formed a formidable strike partnership and were one of Everton’s finest attacking duos.

Last season, when Calvert-Lewin was injured for the majority part of the season, Richarlison became the talismanic presence in the attack, scoring six goals in last nine games which eventually aided Everton in the relegation battle. With the 25 year old, the Toffees would’ve been even worse in the battle for Premier League safety.

As reported by Fabrizio Romano, Tottenham Hotspur and Everton have reached an agreement and some paperwork has also been signed. Richarlison will join the North Londoners permanently for a fee of £50 million and another possible £10 million in add-ons, taking the total cost to £60 million.

Everton will have to pay a small chunk of Richarlison sale profit to Watford

Everton sanctioning the sale and completing some paperwork before the end of June has saved them from Financial Fair Play issues and Frank Lampard will now have some room for movement in the transfer window. The money generated from Richarlison’s sale will go into strengthening the squad and also possibly finding a replacement for the Brazilian.

However, the Toffees won’t be able to take the entire profit home. Even though Everton could get £60 million from the deal, their profit will stand between £15 million to £25 million depending on how much money Everton earns through add-ons. The Toffees had paid £35 million in 2018 so in reality, they have a profit of £15-£25 million.

When Richarlison transferred to Everton, Watford had included a sell-on clause of 10% on any profit made through Richarlison’s sale. This clause would only be active when the cost of the deal was above £40 million.

This means Everton may end up paying a figure between £1-£2 million to Watford as part of the deal they had in place. £1 million is guaranteed but the rest of the million will depend on the add-ons and when they are activated.

Now, £2 million isn’t a big figure in the grand scheme of things but every penny counts especially if you are still walking on a financial tight rope. Even though Richarlison’s sale has solved Everton’s FFP worries, the club management needs to make sure that they do not land in this situation again.

Who will replace Richarlison?