July 4, 2024

Sean Dyche Confirmed As Everton Manager - GrandOldTeam

The Premier League have called an emergency meeting with Everton and the other 19 clubs in a last-gasp attempt to finalise a landmark financial settlement with the EFL, according to Sky News.

The report by Mark Kleinman was shared via their website, in which Everton were interestingly named among clubs notified about the meeting, with all called upon

It is mentioned later in the article that at least one club in the bottom half is understood to have suggested they may need to borrow money to fulfil their share in the handout – perhaps why Everton were mentioned earlier.

Sean Dyche Confirmed As Everton Manager - GrandOldTeam

Everton invited to emergency Premier League meeting

The deal in question is projected to cost Premier League clubs between £837million and £925million over the next six years in additional funding to Football League clubs.

An emergency meeting was called in a bid to get the deal over the line before the prospective independent regulator is established by government legislation – which has been the topic of heavy debate of late.

Everton’s financial situation has been well-documented given their breaches of the Premier League’s profit and sustainability rules this season, hinting they could be one club suggesting they may need to borrow.

Sean Dyche Confirmed As Everton Manager - GrandOldTeam

The report by Mark Kleinman was shared via their website, in which Everton were interestingly named among clubs notified about the meeting, with all called upon.

It is mentioned later in the article that at least one club in the bottom half is understood to have suggested they may need to borrow money to fulfil their share in the handout – perhaps why Everton were mentioned earlier.

Sean Dyche Confirmed As Everton Manager - GrandOldTeam

Everton invited to emergency Premier League meeting

The deal in question is projected to cost Premier League clubs between £837million and £925million over the next six years in additional funding to Football League clubs.

An emergency meeting was called in a bid to get the deal over the line before the prospective independent regulator is established by government legislation – which has been the topic of heavy debate of late.Sean Dyche Confirmed As Everton Manager - GrandOldTeam

Everton’s financial situation has been well-documented given their breaches of the Premier League’s profit and sustainability rules this season, hinting they could be one club suggesting they may need to borrow.

Given the heavy debt already at Goodison Park, borrowing additional money to fulfil payments to the EFL would not bode well for their long-term financial situation.

 

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