Everton complete a mega deal to avoid any Financial Fair Play problems

Everton (Photo by PAUL ELLIS/AFP via Getty Images)
Everton (Photo by PAUL ELLIS/AFP via Getty Images) /

Everton have been bleeding losses for the past three years. The club has suffered losses of over £100 million each year in the last three years. The financial crumbling meant that Everton will not be able to spend freely, a privilege that they have enjoyed in the last few years as chickens finally come home to roost. In the midst of the financial disaster, a sale of Richarlison could bring big money to the club.

Last summer, Everton were crippled in the transfer window which meant that they could spend only £1.7 million in the summer window. The Toffees are certainly not in a better position this year and the only way they can spend money is to balance the books through sales and generate funds through sales.

Everton’s mish mash squad, who escaped relegation by the skin of their teeth, doesn’t have many highly marketable players who are wanted across Europe. There are gems like Richarlison and Dominic Calvert-Lewin whose sales can generate huge sums of money.

Richarlison has been strongly linked to Tottenham Hotspur and a move is getting closer to completion. Initially, Everton had hoped that they could keep hold of their prized asset but given the poor financial condition, a big money move is the only tangible solution that can save the Toffees from Financial Fair Play troubles.

Everton and Tottenham reach full agreement over Richarlison transfer

The Toffees would have expected a bid in the region of £60 million for Richarlison and in recent days it had become increasingly clear that the North Londoners were in advanced negotiations to complete the deal. According to football.london, Everton were hoping to secure a deal before the end of June in order to avoid any FFP mess and any possible punishments. An agreement with Tottenham by the end of 30th June would help the Toffees balance the books.

This is what has exactly happened. According to transfer guru Fabrizio Romano, Spurs have reached a full agreement with Everton for Richarlison. The initial paper work has been signed and the Brazilian has already reached a personal agreement with the North Londoners. The figure that has been agreed is £50 million guaranteed and through add-ons, the deal could reach £60 million. Richarlison is now expected to undergo a medical in Brazil soon.

On Monday, Tottenham chief Daniel Levy and Everton chairman Bill Kenwright were seen having dinner together and talking about transfers and possible deal structure. Spurs still remain interested in Anthony Gordon but the Royal Blues are in no mood to entertain any offers for their crown jewel.

On the other hand, Harry Winks and Steven Bergwijn are touted as Everton targets and were rumoured to be part of a player plus cash deal for Richarlison but as it stands, the Richarlison deal is a straight transfer.

With a part of the paperwork already signed between clubs, Everton can submit proof of a deal being done before the end of June which steers them clear of any possible Financial Fair Play trouble.

Next. Leeds United show interest in £20 million Everton target as talks between clubs continue. dark

How can Everton replace Richarlison?