Everton lose major PSR boost as £160m deal shows them what could have been

Everton will miss out on a PSR boost that other clubs have managed to capitalise on – to the tune of £160m in one especially lucrative case.

The Toffees are in arace against time to get within the Premier League’s three-year £105m loss limit ahead of what has been dubbed a ‘mini deadline day’ on 30th June.

After that date, the Profit and Sustainability Rules (PSR, formerly financial fair play) will roll over to the next assessment window.

Any clubs over the limit in the previous period are liable to receive a fine or a points deduction, just as Everton and Nottingham Forest learned in 2023-24.

Supporters will be desperately hoping that the expected arrival of Dan Friedkin as Farhad Moshiri’s successor will ease their financial issues in the long term.

In the meantime, they will welcome any extra income they can find in order to remain PSR compliant.

But one particular source of income has evaded them.

Everton won’t get Goodison Park PSR sale boost

As reported by ESPN, Everton will not raise any significant funds though the sale of Goodison Park when they move to their new stadium at Bramley Moore Dock in 2025.

The location of the historic stadium is said to be the main reason. And the ground where it currently stands will be redeveloped for community purposes after the move.

The new stadium, a state-of-the-art 52,888-seater arena on the banks of the Mersey, is set to cost around £800m all-told.

And while that sum, which is being financed through various internal and external sources, will not be deducted from their PSR calculation, the sale of Goodison Park would have been.

Significantly, there is precedent for this happening in the Premier League.

Arsenal, West Ham and Chelsea secured huge income for land sales

In contrast to Everton, Arsenal and West Ham have made big money by selling the sites of their former stadiums after they moved to pastures new.

The Gunners eventually made almost £160m when they sold the Highbury site to property developers in 2010, which led to then-record profits for the club.

More recently, Chelsea sold two on-site hotels at Stamford Bridge to another company within Todd Boehly’s ownership network for £76m.

While controversial, the move appears to have been passed by the Premier League and could see them get over the line in terms of PSR.

Everton would have been elated if their home ground could have given them a similar farewell present in the form of a sizable PSR bonus.