EVERTON have reportedly SOLD their women’s team to their sister company – in a move that could help raise funds for transfers.
Companies House shows that Everton Football Club Women Ltd has been transferred to a company called Roundhouse Capital Holdings.
GettyEverton have reportedly sold their women’s team to their sister company[/caption]
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And, according to The Times, records show it’s controlled by Everton’s American businessman owner Dan Friedkin.
Roundhouse is the company that The Friedkin Group used to buy Everton during their takeover last December.
It is reported the Toffees will claim the move helps the women’s team become a standalone entity that can attract investment from America.
But, the deal – said to be worth around £60million – will also help comply with the Premier League’s Profitability and Sustainability Rules.
Everton become the third Premier League club to take advantage of a law that allows clubs to sell assets such like the women’s team to related companies and register that as a profit for PSR calculations.
The Premier League requires that fees paid for internal assets are reasonable – with Chelsea and Aston Villa also doing so.
Everton were previously deducted six points for a PSR breach in the 2021-22 season and two points in 2022-23.
And the Toffees have now spent over £800MILLION on a new stadium which they move into this season.
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Everton took out two new loans in February with US firms Aramark Limited and Glas Trust Corporation.
The original estimate for the stadium — which took four years to build — was £500m.
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The old Goodison Park has been scaled down and will now be used by the women’s team.
Everton are looking to add to their squad this summer and are linked with a move for Manchester City’s £100m wantaway Jack Grealish.
According to Ben Jacobs, the Merseysiders want a loan and are unlikely to consider to a permanent move unless Grealish lowers his £300,000-a-week wages.
GettyEverton are linked with a move for Jack Grealish[/caption] Creator – [#item_custom_dc:creator]
