Richarlison transfer to Tottenham has been finalized as part of Antonio Conte’s ongoing summer transfer window expenditure.
Richarlison the Brazilian international has reached an agreement on a five-year contract with the London club following tense and reportedly contentious discussions with Everton over a fee that might reach £60 million.
Following the forward’s medical, an announcement will likely be made later this afternoon to officially confirm the deal. The two teams reached a conclusion after days of negotiations.
The Premier League, who essentially set a deadline of June 30 for Everton to meet with their profit and sustainability standards due to acceptable debt over a three-year period, has already acknowledged the agreement.
When it came to balancing their accounts for the current financial year, which ends on Thursday, the Goodison club required at least £50 million. Realistically, selling one of their top players was the only way they could quickly raise money for the team.
They came to an arrangement so early in the transfer window for this reason, which has enraged a big segment of the Blues fan base.
As the Premier League deadline drew nearer, Spurs chairman Daniel Levy and Bill Kenwright, the Everton chairman, had a dinner meeting at a London restaurant on Monday.
According to reports, negotiations were tight and Levy reportedly undercut earlier offers as the deadline drew near. The Merseyside club’s options were limited due to its financial limitations, but it is believed that a deal was negotiated that may increase the contract’s value to £60 million with attainable add-ons.
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Everton will now be hoping that the agreement will pass Premier League inspection and enable them to abide by the profit and sustainability rules.
Burnley and Leeds, two teams who were recently relegated, were among the clubs that questioned the amount of leeway Everton had had in the governing body’s debt analysis during the previous 18 months, prompting demands for sanctions to be put into place.
A transfer restriction and a prohibition on renewing the contracts of any players already signed to the club are likely part of any punishments for exceeding the maximum debt limits during the previous three years.
Everton was also aware that if a rule violation was considered severe enough, a points penalty may result in even harsher punishments.
The Blues rejected Tottenham’s request to include Richarlison and Anthony Gordon in a package deal, as well as any further suggestions to include Spurs players.
The possibility that Everton would return during the current transfer window to try to sign players like Harry Winks or Steven Bergwijn, in whom manager Frank Lampard has indicated interest, is raised by this, though.
After June 30, Everton may freely recruit new players as long as they can balance the books with new revenue sources or player sales because of the way debts are assessed.
There is a chance that the Blues may obtain additional funding to engage in the transfer market while takeover negotiations continue in the background, backed by a group led by former Manchester United CEO Peter Kenyon.
After flirting with relegation in his debut season, Lampard is aware of the need for big reinforcements, and owner Farhad Moshiri is aware of the need for additional funding in light of the loss of sponsorship and backing from his longtime business partner Alisher Usmanov.