'Inevitable' - The Esk issues £650m verdict as two more Everton exits mooted after Onana

Everton are at risk of losing Amadou Onana, Jarrad Branthwaite and Dominic Calvert-Lewin this summer, according to the Esk.

The reliable source on all things finance at Goodison Park took to X on 13 July to issue a claim of the club having £650million in external debt.

Onana appears set to join Aston Villa with Unai Emery speaking to him and an agreement reached on personal terms. [Ben Jacobs, 13 July]

The Esk wrote: “It looks like despite new owners we pay for Moshiri’s mistakes by losing DCL, Branthwaite and Onana. Complete rebuilding job to be done

“It’s been in everyone’s business plan. Pays down some of the debt reduces some of the Capex required. It’s a reflection of how distressed an asset we have become

“We have to remember that currently we have close to £650m of external debt, we have significant capex to be spent by new owners on remaining stadium costs/operations, plus whatever Moshiri receives. Trading players is inevitable given the state of our balance sheet.”

Everton must never repeat the mistakes of the Farhad Moshiri era

It is crucial for the new owners to avoid repeating the mistakes made by Farhad Moshiri, as these have significantly contributed to the club’s current predicament.

Moshiri’s tenure has been marked by excessive spending on player transfers and wages, which has resulted in a bloated squad and financial instability.

This approach has not translated into on-field success, leaving Everton struggling in the Premier League and facing potential relegation battles.

The new owners must adopt a more measured and strategic approach to recruitment, focusing on sustainable investment in the squad and the club’s infrastructure.

This includes developing a clear, long-term vision for the club, setting realistic targets and implementing a coherent transfer policy that balances the need for immediate success with the imperative of building a solid foundation for the future.

Additionally, the new owners should prioritise improving the club’s financial health by reducing the debt burden, increasing revenue streams and ensuring that the club operates within its means.

This will require careful financial management, prudent spending and a commitment to transparency and accountability.

In other Everton news, the Toffees have agreed a multi-million fee in principle to seal yet another transfer this summer.

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