Everton, a new beginning is on the way. The club might be under new ownership before the end of the year, as The Friedkin Group (TFG) works to secure regulatory approval to complete the transaction.
\The Toffees have lurched from one financial crisis to the next in recent years, as heavy spending in the early years of Farhad Moshiri’s reign was not matched by revenues rising at a rapid enough rate, while on-field struggles and the critical need to find the funds to complete the construction of the new stadium at Bramley-Moore Dock have made it difficult for the club.
Everton received point deductions twice last year, for a total of eight following an appeal. The club was judged to be in violation of the Premier League’s profit and sustainability regulations (PSR) on two consecutive occasions, in 2021/22 and 2022/23.
It cannot be emphasized how significant it will be for Everton to move from Goodison Park to their new 52,888-seat stadium. As sentimental as Goodison is, and as significant in English football history as it is, the club’s ability to make the most of its most valuable tangible asset, the new stadium on the banks of the Mersey, is critical to its long-term success.
The need to increase commercial and matchday revenues is more crucial than ever before.
The Premier League as a whole is heavily reliant on earnings from broadcasters. The current domestic rights, which are now entering a new cycle, were agreed upon at a price of £6.5 billion over four years for 270 games per season. The worldwide rights, which are currently being tendered for the next cycle, were most recently valued at £5 billion for three years.
That money gets pooled and distributed across the clubs via central funding, with 50% split equally, 25% based on the number of television appearances with a stipulated minimum amount (facility fees), and 25% based on where that club finishes in the league (merit payment).
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