How Leeds United stand to benefit from major Everton development with possible £15m transfer windfall — YEP 22/6/24
By Joe Donnohue
Leeds United could stand to benefit from the potential
takeover of Premier League side Everton due to possible future transfer
business with the Merseyside club.
The Toffees have entered into a period of exclusivity with
The Friedkin Group with a view to completing a takeover of the club from
existing majority shareholder Farhad Moshiri.
A statement on Friday afternoon read: "The Club can
confirm today [21 June] that a period of exclusivity has been granted to The
Friedkin Group to progress discussions to acquire a majority shareholding in
Everton.
"All parties will now work together to conclude this
process. In the meantime, the Club will continue to operate as normal."
Moshiri's running of Everton has been criticised by
supporters given the club's eight-point deduction last season after breaching
Profitability and Sustainability (P&S) regulations. The Toffees exceeded
the Premier League's £105 million financial loss threshold over a period of
three years which subsequently caused the club to incur two separate sporting
sanctions in the form of a six-point and further two-point deduction during
2023/24.
A takeover by The Friedkin Group could see Everton's
financial picture improve and allow the club to spend more freely in the
transfer market.
Leeds are expected to announce the extension of Jack
Harrison's loan stay at Goodison Park in the coming days after it was reported
the two clubs had reached an agreement to send the 27-year-old winger back to
Merseyside having spent 2023/24 on loan there.
Harrison remains contracted to Leeds until 2028 meaning at
the expiry of this coming season's Goodison Park loan spell, he will have three
years remaining on his Elland Road deal. The player is thought to have little
desire to return to Leeds and could potentially push for a permanent switch to
Everton, at which point the Toffees could be under new ownership and no longer
under such financial pressure, which could facilitate a transfer.
Harrison's market value sits at around £15-20 million given
his age and top flight experience, which would certainly help Leeds' own
financial outlook given the club are highly likely to make a loss in their
yet-to-be-concluded 2023/24 accounts.