31 Jul 2026 16:07:40
Transfer budget
I thought I would share some insights into the financial landscape, I am not a financial whizz kid but it’s information I have gleaned from various data sources.
Spending on first-team wages, agent fees, and amortised transfer fees is 85% of our total football revenue plus a three-year rolling average of player sale profits.
So as a note, we wouldn’t feel the full benefit of an Ndiaye sale in this window but profit would be spread over the next three years, if we sold him for £75m that’s around £60m profit so £20m would go on the figures for the next three years.
We also have a lag on revenues as the last published accounts were for the final year at Goodison Park which were slightly higher than previous years but not as good as they will be.
So this summer we have a budget of around £50m and some of that has already gone on the deals below, around £13.1m.
Tyrique George 4 years £18m so £4.5m against budget.
Merlin Rohl 3 years £18m so £6m against budget.
Hayden Hackney 5 years £16.5m so £3.1m against budget.
Spreading deals out to the maximum 5 years that count for amortisation is best but comes at the risk of being left with a player on the books if you look to move on.
Hence why the recruitment team are looking at players 20-25 for longer deals and what can make the Grealish deal on a permanent deal extremely tough, if we signed him this summer for say £30m on a three year deal that’s £10m off the budget. ?
Plus the high wages would also have a massive impact on the figures!
Frustratingly next season we see the true benefit of the move to Hill Dickinson and our spending ceiling would rise by around another £50m with the additional incomes from extra match day revenue all the hospitality and events like the Lionesses game, the Magic Weekend and England vs Fiji.
These commercial activities are why Spurs can spend ridiculous amounts!
So this will still be a tough and at times frustrating window as the recruitment team try to get talent in and also balance the books.
{Ed025's Note - great summary that ST cheers, i think we all thought it would be a bit more mate but it seems you have done your homework on this, the fun just never stops with this club of ours..
31 Jul 2026 21:24:17
Next year, based on projections for the new stadium, it would be nearly twice that.
Do remember, those are the amortised fees, so a £50m fee over 5 years only adds £10m per year.
Europe, at just Conference League level, would add about £21m, and Europa League and Champions League would yield greater.
31 Jul 2026 22:11:11
It's all pie in the sky, ST. None of the finances are as simple as that. You have agent fees, taxes, and a whole lot more on just players sales and purchases alone.
As for the general running of non football events, it'll be slightly more, but not much that will make any difference in the short term with the events that have taken place.
We aren't likely to have made much money on the events that have taken place so far. However, they were a necessity to show the real prospective people and big events that will drive revenue, that we can stage them, and it be successful and profitable.
That'll mean match day revenue increases will be what will be the real benefit in the short term, but if you take Spurs as an example, their main revenue are the concerts and other events that make money, more than double from match day revenue.
The stadium will make big revenue gains but not for a couple of years yet. We will need monthly, weekly and multi-night events, which we still need to get a full license for. At present, it is 4 per year. Spurs do 30! Spurs and others are on a completely different level for now.
31 Jul 2026 22:33:49
If any of you read (respect) , it was said right at the beginning, Everton had a £50 mill budget.
01 Aug 2026 06:53:33
I recon we should apply to host a public hearing into Man City 115 charges at the HDS. They'll be there every week for the next three years. Full house and all, what an earner that would be.
01 Aug 2026 10:40:53
I read and respect it, DMS. However, my point is the finances in football/business is not just as simple as a 50m budget and a new stadium doesn't just bring in loads of money immediately.
Fans should take a look at the club's accounts, which are on the website. It's absolutely terrifying. It's the length of a Game of Thrones novel. We will have an idea of our new situation when the 25/26 come out.
Whatever you read in the media and what some so-called experts in the media say, are not worth taking notice of.
Nothing directed at you here, ST. Totally respect your information and appreciate the time to look into it all, but just making the point that football finances are madness to try and understand, and none of us ever will.