Shackles are OFF

END OF PSR PERIOD GIVES BLUES GREATER FINANCIAL FREEDOM TO BUILD SQUAD

- By JOE THOMAS

EVERTON are now in a new era of financial freedom.

Today marks the beginning of a new year in terms of the Premier League's spending regulations - rules the Blues have twice fallen foul of.

And with it the worst of the excess that characterised the Farhad Moshiri regime will disappear from official calculations, allowing the club to be more ambitious in the transfer market.

Top flight clubs are allowed to lose £105m over a three-year period under the league’s Profitability and Sustainability Regulations (PSR), after some permitted expenses are taken into account.

Failure to comply can lead to points deductions, as Everton found out when league chiefs pursued the club through two landmark cases that pushed the club to brink.