Keith Wyness, Everton’s previous manager, has warned that the club is still “at risk” of violating the Premier League Profit and Sustainability Rules. Speaking on the latest episode of Football Insider’s Inside Track podcast, the 66-year-old, who was CEO at Goodison Park from 2004 to 2009 and now runs a football consultancy that advises elite clubs, claimed the Toffees will face punishment if they “splurge” on transfers this season without establishing new revenue streams, including a potential stadium naming rights deal.
The deadline for Everton to submit their accounts for the 2023-24 season passed on Sunday (30 June). According to PSR, top-flight teams must not lose more than £105 million over three years, with points penalty among the potential consequences for exceeding that threshold. Everton was fined nine points in total during the 2023-24 season for breaking the regulations in the previous two seasons. Wyness feels Everton is once again ‘just on the brink’ of PSR. Wyness stated that the Merseysiders were “right on the borderline” of PSR again last season.
He told Football Insider’s Insider Track podcast: “I’m not entirely convinced that Everton is completely in the PSR safe zone; I believe we’re right on the borderline.””I need more clarity before easing off.”Friedkin can potentially increase the club’s borrowing power, allowing for additional signings and acquisitions.However, unless a stadium naming rights agreement is reached and payment is delivered in part this year, there will be no big developments for the coming season.
“We’d still be at risk of exceeding the PSR for the 2024-25 campaign if we went out and splurged without fresh money. “That is the situation. I hope we are close to complying with the rules.”
