Everton are staring down a major financial problem. Recent news confirms a foot injury has cut Jack Grealish’s season short. Keith Wyness, the former chief executive at Goodison Park, broke the news to Football Insider. He noted that the England star needs surgery to fix a stress fracture.
Everton Face Fiscal Headache Following Grealish Injury Update
Talking on the Inside Track podcast, Wyness pulled back the curtain on the grim financial reality of losing a player like this. Most people think insurance just picks up the bill for wages. But Wyness set the record straight: those policies usually only cover a small slice of the cost. Because of that, Everton still have to shell out a massive chunk of the salary for a player who can’t even get on the pitch. As Wyness put it, “there are really no winners” here.
He told Football Insider‘s Inside Track podcast: “Yeah, look, there will be a financial loss certainly for Everton in terms of this.
“I mean, people have been asking me about is there insurance and those sorts of things. Well, there will be an element of insurance, but it won’t be insured fully for the whole amount that they’re contributing towards his wages.
“The way the insurance will work is that a percentage will be allowed against that. So they’re still going to get stuck with a significant amount, and it could be quite substantial till the end of the season. So there are really no winners in this whole situation. But I think this will all be taken into account at the end of the year.”
Financial Analysis & Implications
This mess puts a huge dent in Everton’s already tight budget. Wyness’s comments highlight the hidden costs that hit Premier League teams hard when a marquee player gets a long-term injury. Insurance rarely pays out the full wage bill. Often, clubs have to wait out a long dead period before the money kicks in, or the policy just hits a limit at a certain percentage.
Everton are already counting every penny to stay on the right side of the Profit and Sustainability Rules (PSR). So, paying a top earner to sit in the stands is a brutal hit they didn’t need.
At 29 years old, Grealish is still a massive part of the setup. Missing him hurts the books, but it also strips away David Moyes’ best tactical options. The England winger is on a huge contract. Carrying that dead money all the way to May ties the club’s hands in the transfer market.
It also makes it much harder to put that cash toward other needs. Wyness noted that this financial drain will bleed right through to the end of the season. These numbers will eventually show up as a loss on the year-end accounts. The board just has to swallow the hit, even though they’re already stretched thin.
Can The Toffees Absorb This Unforeseen Liability?
The club are in a tight spot. They might have the cash to survive the immediate blow, but paying for a star who isn’t playing will eventually bite. It could mess with their plans to sign new players or renew existing contracts down the road. If the board can’t find a way to make up that money through new sponsors or commercial deals, Moyes will likely have less to spend when the summer window opens.
They’ll get through the initial shock, sure. But that financial weight isn’t going anywhere. It’s a real threat to how they plan for next season.
