By Kieran Maguire

14th Sep, 2023 | 6:30am

Kieran Maguire: Everton told 'ask Moshiri' after £32m new signing reveal

Everton have had to delay £32million worth of transfer payments until next year in order to manage cash flow at the club.

That is the view of finance expert Kieran Maguire, who spoke exclusively to Football Insider about the ‘critical’ need for the Toffees to manage their finances while funding their new stadium.

As revealed by The Athletic, the only transfer fee paid by Everton this summer was Arnaut Danjuma’s £3million loan fee.

The Merseyside club spent £35million on paper on new signings, but instalments for Beto and Chermiti are not set to begin until next year, meaning they have delayed £32million worth of payments.

Everton are currently under investigation for breaching the Premier League’s financial regulations and are trying to cut losses after reporting losses of £372million over three years.

Maguire explained that Everton could not rely on owner Farhad Moshiri to provide additional funding and therefore had to use ‘alternative’ strategies to balance their spending.

“Cash flow is critical for all businesses and if a business cannot pay its sums due on an appropriate date then it has to take alternative steps,” Maguire told Football Insider’s Sean Fisher.

“Sometimes the answer is borrowing money.

“But for Everton, this is clearly a strategy while they focus on funding the stadium.

“They could ask the owner, but it is unclear whether he is willing to put further sums into the club, and clearly there is very little flexibility with FFP.

“It was also important to remove costs from the books such as Demarai Gray which certainly would’ve helped Everton meet their monthly commitments for wages.“

In other news, Kieran Maguire: Everton takeover bidders now ‘in very strong negotiating position’