Everton’s final season at Goodison Park coincided with the club’s best financial results in eight years — though only after they generated £49.2million ($65.2m) from the internal restructuring of companies housing both their old home and the club’s women’s team. Accounts for the 2024-25 season, published on Tuesday, reveal Everton’s revenues climbed to a club record £196.7m and the club’s pre-tax loss fell to £8.6m. Their underlying operating profitability improved too, though without those internal sales Everton’s overall loss would have exceeded the £53.2m a year before. Everton’s revenue reached a club record last season, coming in just shy of £200m after improvements in both matchday and commercial income. The final season at Goodison Park saw gate receipts top £20m for the first time in 17 years, and commercial revenue grew a substantial 22 per cent, following new and improved deals with Red Bull, vodka manufacturer Nemiroff, and corporate payments company Corpay, as well as...
It’s no longer just accountants who are the biggest financial service providers in football, lawyers are increasingly finding it a source of lucrative business. It is no accident that Manchester City have some of the best lawyers advising them. The next step was likely to be private equity, already invested in clubs, taking a stake in a law firm. A boutique UK law firm behind some of the biggest football deals has taken an investment from a US private equity group, in a sign of the growing interest from private capital in both the legal and sports industries. San Francisco’s Cordillera Investment Partners has taken a minority stake in Northridge Law, whose clients include English Premier League football clubs such as Chelsea. The deal, which will give Cordillera a board seat at Northridge, comes as private capital has shown an increasing appetite to invest in professional services firms. Several legal and accounting firms have taken investments over the past two years, wi...