Liverpool, England – Everton’s Director of Football, Kevin Thelwell, has offered a candid assessment of the club’s financial situation, acknowledging the limitations imposed by their spending power.
“It’s not a badge of honor to say we’re being outspent by everyone in the league, but it’s a necessity,”
Thelwell explained, emphasizing the difficult choices the club faces.
Under Thelwell’s guidance over the last three years (six transfer windows), Everton have spent £145 million on incoming transfers while generating £226 million from player sales.
This net positive in transfer activity reflects the club’s need to balance the books.
Thelwell’s comments come at a time of significant upheaval at Goodison Park.
Everton have faced Premier League sanctions and points deductions, experienced resignations from key leadership positions, including the CEO and a Director, navigated multiple takeover bids, and are currently involved in Premier League Profit and Sustainability Rules (PSR) commission investigations.
Adding to these challenges is the ongoing construction of a new stadium, a massive financial undertaking for the club.
Thelwell’s frank assessment paints a clear picture of the complex financial landscape at Everton.
He acknowledges the need for prudence and careful management, highlighting the tightrope the club must walk to remain competitive while addressing its various off-field issues.
His words underscore the challenges facing Everton as they strive to build a sustainable future.
