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Everton's lucky escape

I agree with the pundits on Match of the Day last night that Everton are unlikely to be relegated.   Norwich City and Watford are already in effect down and Burnley look likely to join them.

Sanctioned oligarch Alisher Usmanov made an attempt to become more closely involved with Everton last year.  He looked at the possibility of  a large loan which would have been turned into equity, but ran up against problems in getting his proposed funding structure approved.

The Premier League made it clear informally that they would not give approval and so Everton escaped being in the same boat as Chelsea.

Everton have severed ties with Usmanov's company USM, who have provided tens of millions of sponsorship income, and the club now face a significant loss for the third year in a row when their accounts are published later this month.

Relegation, if it happened, would be a big financial blow and some top players would have to be sold.

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