“Ridiculous” – Simon Jordan reacts to PSR rules following Everton takeover news
Simon Jordan confident Everton will have funds for January transfer window additions
The Friedkin Group has officially confirmed its takeover of Everton, acquiring a 98.8% stake in the club, as reported by Kieran Maguire on 19 December.
This marks the end of a prolonged process since Farhad Moshiri put the Toffees on the market, paving the way for what could be brighter days for Sean Dyche and his team.
Speaking on talkSPORT (19 December, 10:23 am), Simon Jordan discussed the implications of the takeover, particularly the potential for investment in the January transfer window.
However, he highlighted potential challenges related to Premier League Profit and Sustainability Rules (PSR).
“I think they’ll certainly have the cash to do so [buy players],” Jordan said.
“Whether they have the PSR headroom, the ridiculous PSR governance which is strangling the league now, obviously if they’re taking out debt, the implications of debt and interest will be reduced a lot, and they’ll have more room in there.
“I think yes, they will [invest]. They’re not buying a team to struggle, and the team isn’t just struggling because the ownership model was disappearing—it needed investment.
With that in mind, I expect there will be investment.
“I don’t think it’ll be extravagant because they’ll be caught in governance issues, but they’ll certainly have cash.
Whether that cash can be deployed, that’s the bigger question.”
Why Everton Needs January Reinforcements
Although Everton currently sits outside the relegation zone, they are just three points clear of 18th-placed Ipswich.
This slim margin is cause for concern and highlights the need for immediate improvement.
Sean Dyche has steered the club through turbulent times, including last season when they faced two separate points deductions due to breaches of PSR regulations.
While no firm plans have been announced for the January transfer window, it seems likely that The Friedkin Group will bring in new players to strengthen the squad.
Welcoming fresh talent could provide the boost Everton needs to avoid another relegation battle and solidify their position in the Premier League, making investment a crucial step for the club’s future.
