Everton are hovering dangerously above the Premier League relegation zone.
Despite their new owners, the Friedkin Group, vowing to ‘transform’ the club, Everton will have to work within a limited budget during the January transfer window. As he fights to avoid relegation, Toffees manager Sean Dyche could use some fresh players. The Merseyside team is just three points above the relegation zone and currently sits in 16th place in the Premier League standings.
Profit and Sustainability Rules (PSR) will restrict the Friedkin Group’s capacity to make an impact this winter, despite the fact that their entrance is expected to usher in a new financial era at Goodison Park.
The i claims that costly additions are “unlikely” in January and that Everton will have to “box clever” in the market. Senior club officials have reportedly admitted that it is “impossible” to spend their way out of problems.
The floodgates may have opened if the Friedkin Group were able to show off their spending power in the absence of PSR pressure. They have already flexed their muscles by forking out a whopping £200million since agreeing a deal to purchase the club from Farhad Moshiri in September.
That money is believed to have gone towards paying off debts, meeting the payment obligations of their new stadium and covering the day-to-day costs of running the club.
The takeover is nearing the end of a three-month regulatory process and a positive conclusion is expected at the end of this week. The Friedkin Group will arrive on Merseyside at a crucial time in the club’s history.