http://www.thetopbalcony.com/what-is-evertons-net-spend-under-farhad-moshiri/866
February 1, 2017 by
James Campbell
WHAT IS EVERTON’S NET SPEND UNDER FARHAD MOSHIRI?
Everton ended the transfer window with two big signings and a loan for the u23s.
But with several outgoings and a lack of cover at full back and up front, are Everton fans right to worry about how deep the pockets of Farhad Moshiri actually are?
The answer, as expected, is ‘not really’.
A look at Everton’s transfer spending since summer 2016 shows the club has spent around £15 million more than it has brought in.
Big fees for Morgan Schneiderlin (£22m) and Yannick Bolasie (£25m), as well as double figures for Ashley Williams (£12m) and Ademola Lookman (£11m) take Everton’s spending to above £50m.
Smaller fees were paid for Idrissa Gana Gueye (£7m) and Maarten Stekelenburg (£1m) and youngsters such as Dominic Calvert-Lewin (£1.5m).
The total spending on permanent transfers is £79.5m.
In comparison outgoings are topped by John Stones’ £47.5m move to Manchester City, followed by Bryan Oviedo and Darren Gibson departing for £7.5m.
Ryan Ledson also departed for a nominal fee, but given Bassala Sambou joined for a similar deal, we can take those out of the equation.
That leaves a spend of £24.5m since the summer transfer window.
Loans
Everton have secured the loan of Enner Valencia, with a fee of £1m minimum. A smaller fee has been paid for Anton Donkor, with a £1.5m clause at the end of the season if Everton decide to make it permanent.
In outgoings, a host of Everton players have departed on loan. AC Milan eventually paid a sub-£1m fee for Gerard Deulofeu, while it is unlikely Hull City paid anything to take Oumar Niasse’s wages off our hands.
Tom Cleverely commanded a fee – and will almost definitely go for £8m in the summer.
But even counting up the various loans deals and eventual fees (assuming Hull go down and don’t buy Niasse), Everton have still paid around £15m on players since the summer.
Is that enough?
For many fans that represents a sell-to-buy policy but with big money signings in the club’s sights in the summer – Michael Keane for £25m among them – the club is spending.
Martinez and his merry band of backroom staff cost the club upwards of £10m in the summer while compensation of around £6m for Ronald Koeman and his team has further drained the coffers.
That takes the spend up to £30m in Everton’s quest to rebuild the club.
Even more importantly, getting Niasse (£55K), Cleverley (£55K), Deulofeu (£45K), Gibson (£30K) and Oviedo (£25K), as well as McAleny, Rodriguez (£10K) off the wage bill will free up over £250,000 per week in wages (before incomings).
That means Everton are in a position to pay high wages for top players without endangering the Financial Fair Play position of the club if they reach Europe.
So far the signs are good. The squad is leaner but better placed to secure a good finish, the manager’s vision is coming to fruition and the stadium move is being planned.
Farhad Moshiri has also paid off much of the club’s debt with an £80m interest-free loan that many expect will be converted to equity at some point in the future.
That takes his spending to over £110m in just 12 months – an unprecedented level considering the club’s last two decades of frugality.
New commercial deals with Alisher Usmanov’s USM for Finch Farm sponsorship and a deal with Sure are the beginning of a commercial revolution at the club too.
Which all adds up to a bright future for Everton.
