Everton 'need to raise transfer funds in the next five days' as Chelsea and Tottenham receive a major boost in their pursuit of £50m-rated Richarlison... who the Toffees may be forced to offload before June 30 due to Financial Fair Play concerns

Everton must balance their books in the next five days in order to come in line with financial fair play, it has been reported.

Despite avoiding relegation last season, Everton's financial situation is said to remain precarious and the club might have to raise capital through player sales.

The Athletic report that Everton will look to bring players in after June 30 - the FFP deadline - but in the meantime there could be outgoings in an attempt to balance the books.

Everton could have to sell Richarlison this summer owing to their precarious financial position

Owner Farhad Moshiri's time at Everton has been characterised by heavy, and often reckless, spending.