Dan Plumley claims that Everton, who finished the season in 15th place in the Premier League, have received a “significant” financial windfall.
On the last day of the season, the Toffees lost to Arsenal, but Sean Dyche’s team maintained their position in 15th place in the table as Brentford lost to Newcastle.
According to football finance expert Plumley, clubs receive an additional £3.1 million for each spot they take in the standings, in addition to additional payments for finishing on TV. Based on last season’s results, the club may receive as much as £120 million for a final finish.
He exclusively told Goodison News, “So every spot is worth £3.1m in merit payments at the moment, so you can look at the situation. If you jump up a couple of places that’s £6.2m and every gap is worth £3.1m, so you can look at the situation.”
“That will still fluctuate based on how frequently you’ve appeared on TV; that accounts for 25% of the total pot.
“That’s the kind of money you’re aiming at, if you look at last year’s numbers clubs finishing between 15th and 17th took between £117m and £120m in broadcasting revenue alone.”However, the current gap per spot is £3.1 million, so the two-place jump is a sizable amount. Just over £6 million, which is why, in today’s world, there aren’t really any dead rubbers in terms of points; if you can secure a spot, or a few spots, on the last day, you stand to win a sizable sum of money.
Right now, Everton needs to survive in the Premier League, so every penny helps.
The club’s future is uncertain and the 777 Partners takeover appears to be dead in the water, all contributing to the terrible financial situation at Goodison Park right now.
Despite the fact that £3.1 million is hardly much for a Premier League team, the club is currently in dire need of the additional funds, and the fact that the championship game was broadcast on television will also increase their prize money.
Given their financial difficulties, the sum of more than £120 million is extremely encouraging and demonstrates how important it was for the team to remain in the Premier League for the foreseeable future.
Even with parachute payments in place, relegation to the Championship would have been a serious concern; however, if Dyche hadn’t avoided the drop zone, there would have been far more serious issues in the end.
Although placing fifteenth is fantastic, the club could have placed twelveth and added more than £9 million to its coffers if they had gained the eight points they lost. That’s an additional penalty, but at least they can be content with what they received.