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Everton: Frank McAvennie unleashes after accounts posted

Everton: Frank McAvennie unleashes after accounts posted -Everton News

Pundit Frank McAvennie has now unleashed on Everton after they posted their financial accounts.

The Lowdown: Accounts published

The Goodison Park faithful have now published their official accounts for the 2020/21 season on their website.

They have recorded a total loss of £120.9m, with some of that down to the financial impact of the global pandemic.

However, the Merseyside club have remained in a secure position thanks to Farhad Moshiri, who has given them more than £600m since he first bought shares in 2016.

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The Latest: McAvennie reacts

Speaking to Football Insider, McAvennie has unleashed at the Toffees over their financial losses, and the 62-year-old added that relegation from the Premier League is now a ‘real worry’:

“You can spend all the money in the world but it’s the decisions that are letting them down.

“Hiring Benitez was such a huge mistake, no amount of money can help when you do that.

“A lot gets made of that hire but the transfers have been pretty bad too.

“Everton need to invest in people who make football decisions, people who know what they are doing because the current guys are clueless don’t know what they are doing.

“They are such a big club and I don’t want them to get relegated.

“But you look at the club’s position and it’s a real worry.

The Verdict: Relegation catastrophic

If the Blues were to go down to the Championship, it would be nothing short of a catastrophe.

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They are already recording big financial losses, and without the security of wealth that the top flight brings through the likes of TV deals and sponsorships, they could be in real trouble come this time next term.

Of course, whether the pandemic will have as much of a financial impact is another question, but relegation still seems unthinkable at this moment in time, and so Frank Lampard and his team must push all the way to make sure that they stay up.

In other news, find out what ‘massive’ update will now have EFC ‘buzzing’ here!


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