Finance expert shares true value of Onana sale on Everton books

Stefan Borson has revealed the financial implications of Amadou Onana’s potential transfer from Everton to Aston Villa. Writing via his SLBSN account on X [13... The post Finance expert shares true value of Onana sale on Everton books appeared first on Goodison News.

Jul 14, 2024 - 04:00
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Finance expert shares true value of Onana sale on Everton books

Stefan Borson has revealed the financial implications of Amadou Onana’s potential transfer from Everton to Aston Villa.

Writing via his SLBSN account on X [13 July], Borson said that selling Onana for £50million upfront would result in a profit of around £28-£30 million for Everton as they look to meet the Profitability and Sustainability Rules (PSR).

The midfielder, who joined Everton from Lille for £30million in 2022, currently has a book value of about £20-£22million due to amortisation costs.

Borson wrote: “Around £28m-£30m profit for PSR if sold for £50m up front. £34m+costs is around £7.5m pa amortisation so book value of maybe £20-22m now.”

This profit is crucial for the Merseyside club to comply with PSR. The club’s finances have been under scrutiny, and this deal would help balance their books.

Dan Friedkin’s takeover of Everton in full motion

Dan Friedkin, who is set to take over a 94.1 per cent stake in Everton from Farhad Moshiri, plans to invest hundreds of millions into the club’s infrastructure.

However, football finance expert Dan Plumley previously warned that Friedkin must carefully separate PSR-related and non-PSR investments.

“You’ve got to separate out the non-PSR stuff and the PSR stuff obviously, and the investment in training facilities, the women’s team, youth academy all fine and great,” Plumley said.

Plumley stressed that while infrastructure investments are vital, the first-team squad’s finances still need careful management to avoid PSR and Financial Fair Play (FFP) breaches.

This cautious approach is necessary given Everton’s financial struggles in recent years.

Onana’s transfer to Aston Villa, as first reported by The Athletic’s David Ornstein, is nearly finalised, with personal terms agreed upon. This move is expected to bring significant financial relief to Everton.

Many will argue that the figure should have been higher, while some will laugh at the large amount being offered, but the bottom line is Everton’s financial situation is now looking a whole lot brighter.

In other Everton news, the Toffees can now sign a goal machine at a colossal 70-per-cent discount.

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The post Finance expert shares true value of Onana sale on Everton books appeared first on Goodison News.

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