News now: Everton ‘cash crisis’ laid bare – Keith Wyness speaks…
Everton’s former chief Keith Wyness has insisted the club are unlikely to suffer from a “cash crisis” later in the season despite their takeover collapse.
Speaking on the new edition of Football Insider’s Inside Track podcast, the 66-year-old – who served as CEO at Goodison Park between 2004 and 2009 and now runs a football consultancy advising elite clubs – claimed the situation is “difficult” but revealed there are “no problems” with cash flow at present.
Everton continue to spend on improving their first team, and this week paid £16.5million to land centre-back Jake O’Brien from Lyon.
That is despite the collapse of their Friedkin Group takeover earlier this month.
The US-based investors pulled out of the buyout over concerns about money owed to 777 Partners, who also saw a takeover fall through earlier this year.
Sean Dyche’s side have signed O’Brien, Iliman Ndiaye and Tim Iroegbunam this summer – while Jesper Lindstrom has joined on loan.
Wyness drops verdict on Everton ‘cash crisis’ after talking to club chiefs
Wyness claimed remaining in the Premier League is vital to attracting new bidders to the Merseyside club, with the move to a new 52,888-capacity stadium coming in 2025.
He told Football Insider‘s Insider Track podcast: “I spoke to the club the other day.
“They made the case that they feel they are cash-rich at the moment, there are no problems in terms of cash flow.“That will change throughout the season, every club has that problem.“Once the season ticket money and the broadcast instalments stop coming in, it can be difficult.
“But I think Everton will be fine.
“It’s very important, this season of all seasons, that they stay in the Premier League.
“That will mean we open up the stadium in the top division and show any potential bidders that our forecasted revenues can become real revenues at Bramley-Moore.
That’s going to make the club even more attractive than it is right now.
“I don’t really have a worry about a cash crisis at Everton.”
In other news, Farhad Moshiri pocketed £20m of Everton loan, says expert.
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