Everton sell women's team to subsidiary for £60M

Rob it is correct. If you go on companies house for the women's team, there's a change of significant control from Everton to a TFG associate.

Rob, previous figures reported suggested it could raise £60M.

Don't ask me how that works. Beyond my level of financial understanding.

They sell an asset for arms length market value with a book cost of zero.

All of that is profit for Everton football club.

Id imagine that the team with Goodison & post euros could be worth more than £60m. I don't think you could put together a Premier women's club plus stadium for less than £60m.

Assuming that the deal includes Goodison Park, Ian. That might be a further transaction, yet to be announced.

Can we buy a decent RB with this money or, will it go into the Arteta Investment Fund?

Goodison Park Stadium ltd has also changed significant control notification to the same new owner at companies house.

Everton football club no longer own the company. All happened 27th June, so in prior year numbers.

The notification to companies house only occurring a month later.

No psr issues last season, nor this id guess. Then it will be squad ratios.

Ive looked, and no notification has been made for bramley moore stadium. That remains a subsidiary of efc.

Villa did it, Chelsea did it, everyone's doing it to get round the ludicrous, lumpen farce that is PSR.

We need to be as unscrupulous as the rest of them, sad but true. Now get on with spending that money to improve the squad before the Premier League make Everton a test case for challenging selling your own assets to yourself!

Colin, they will need a bigger sofa

My question is whether these funds will be ring-fenced.

Sounds like we're starting to play the game. Perhaps we'll start handing out 8 year contracts à la Chelsea next.

That's been blocked by Masters Jamie. 5 year max for amortisation now.

Thanks Eric, I hadn't heard that.

I wonder why Chelsea still gave an 8 year deal to Joao Pedro then. Perhaps so that they can claim to have been doing it all this time because they like to offer financial security to their players, and not because they were using it as a way to cheat the system.

Now we need to sell Goodison Park, the fan zone, the car park and the club shop on the corner of Gwladys St., to ourselves! I wonder how much those portacabin ticket offices in Bullens Road are worth?

Bill, I read that Goodison was transferred to the same company as the women's team at the same time.

Dunno if part of the ladies team deal or separate.

Look for a sponsor for the Toffee Lady. I'm sure Everton mints would do it.