Everton are facing a huge financial headache if this team is relegated from the Premier League.
Onday’s 5-0 defeat of Spurs leaves Everton one point above the relegation zone and has caused some panic within the club about the possible consequences of relegation.
Everton’s first-team players are understood to not have a substantial relegation clause in their contracts to ease the financial pressure on the club’s wage bill in the event of a price drop.
Everton insist the players have a pay cut clause, but could not go into detail about how they work or how important they are because of staff confidentiality.
While clubs like Norwich City, Watford and Burnley have all planned for the possibility of relegation, the consequences of relegation to the Championship could be financially devastating for Everton.
Everton have yet to release their accounts for 2021-22, but their final set of accounts shows the club paid £165m in wages and although that figure may have fallen, people It is generally known that they are among the highest paid in the Premier League.
Outside of the top six, Everton’s wage bill is believed to be the highest in the league with Yerry Mina, Andre Gomes, Jordan Pickford and Richarlison all believed to earn just over or around £100,000 a week, while Dominic Calvert-Lewin not. far left behind.
Relegation would leave Everton, whose accounts ended up with a £140m loss, with little choice but to try to cash in on some of their biggest earners. But while they can cut some costs, they still have to pay £10m for Dele Alli as the former Spurs star has played 20 games he is unlikely to do until next season.
Everton last week announced that it had suspended sponsorship deals with Russian companies USM, Megafon and Yota after Alisher Usmanov was sanctioned by the European Union. The club’s shirt sponsor, Cazoo, also confirmed their contract will not be renewed beyond this season.
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https://www.independent.ie/sport/soccer/premier-league/lack-of-relegation-clauses-causing-headaches-for-everton-chiefs-41426220.html Lack of relegation clause causes headaches for Everton leaders