To balance the books, Everton may be obliged to sell many great players, including Jordan Pickford, this summer.
According to The Sun, Everton has to generate the cash through transfers before the end of their fiscal year.
Everton have suffered losses of £430 million over the previous four years.
The Premier League has taken notice of the financial turbulence, prompting the formation of an independent panel to investigate any violations of Financial Fair Play standards.
According to the report, Everton are willing to transfer their star goalkeeper Jordan Pickford and have already selected Crystal Palace‘s Sam Johnstone as a potential replacement.
Pickford is valued at £45 million, while Johnstone has a £10 million release clause.
However, due to the impending accounting deadline, Everton may be forced to part ways with Pickford at a discount.
This has alerted Manchester United, who are looking for a replacement for David De Gea.
Aside from Pickford, many more players are anticipated to leave Everton. Dominic Calvert-Lewin, Abdoulaye Doucoure, Demarai Gray, and Amadou Onana are all thought to be targets.
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