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Everton: Paddy Kenny reacts to Premier League agreement

Everton: Paddy Kenny reacts to Premier League agreement -Everton News

Paddy Kenny has given his reaction to some news emerging from Everton before the clash with Newcastle, as the Toffees have now reached an agreement with the Premier League over new signings and contracts.

The Lowdown: Agreement in place

According to The Daily Mail, the Goodison Park faithful have now reached a compromise with the top flight which will allow them to consult over player signings and new contracts, so that they can avoid any breaching of spending rules.

They have delayed the publishing of their 2020/21 accounts, as they are having on-going discussions over what allowances to the spending rules are permitted in future transfer windows, due to the financial impact of the pandemic.

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Their next accounts, which are due this month, are set to project over £300m worth of losses for the Toffees in a three-year cycle, while the division only permits losses of up to £105m.

However, discounts for spending on infrastructure, and lost income because of the pandemic, are set to keep the them within the agreed limits.

The Latest: Kenny reacts

Speaking to Football Insider, former Premier League goalkeeper Kenny has now reacted to the update, and the 43-year-old has claimed that it’s the last thing Everton need before a crucial match tonight, with ‘issues on the pitch’ more important:

“It’s another problem Everton don’t need.

“We know the pandemic has not helped a lot of clubs but this could set a dangerous precedent.

“Other clubs will jump on that and say ‘well this is what you did for Everton, so do it for us’.

“They have opened a can of worms here and it might backfire on them if they aren’t careful.

“They have plenty of issues on the pitch so they need to avoid any more problems off it as well.

“We know they have spent too much money, you would think they will be punished for that.

“There can’t be any special treatment.”

The Verdict: No need to worry

Kenny does make a good point that other teams may look to receive the same treatment as the Merseyside club, but for them it is vitally important that they become financially stable, and so should not worry one bit about what other sides are doing.

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The summer transfer window is going to be key in terms of rebuilding the club, especially if they find themselves relegated down to the Championship, and so they will need a sufficient budget and no trouble with Financial Fair Play (FFP).

Nonetheless, this agreement with the Premier League will allow them to become more flexible in the market, which will be needed given the season that they have had so far.

In other news, find out what positive EFC injury update has now been dropped before Newcastle United here!

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Article title: Everton: Paddy Kenny reacts to Premier League agreement

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