Expert: Everton will escape sanction from EPL despite pushing FFP rules to the limit – but the Usmanov deal may move other clubs into the red
20 January 2020
Expert says loophole in EPL’s rules will permit controversial deal. “It’s so obviously a scam,” says Ed Thompson who fear Everton have created wage inflation across the Premier League.
£36 million additional sponsorship from Usmanov company plus capitalisation of new stadium costs should bring Everton back into the black.
“Innovative” USM deals may test UEFA’s “fair value” rules.
Everton’s controversial new partnership deal with a company linked to its majority shareholder is unlikely to breach the Premier League’s profit and sustainability rules and will move the Merseyside club within the EPL’s spending limits.
The deal, which was announced at Tuesday’s AGM, with Russian oligarch Alisher Usmanov’s holding company USM, will see £30 million paid up front for an exclusive option on naming rights for the club’s new stadium. Usmanov is a close business associate of Everton’s majority shareholder, Farhad Moshiri.
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