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News now: Everton ‘cash crisis’ laid bare – Keith Wyness speaks…

Published by Gabriel Shiel on August 1st, 2024.

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.