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Everton announce record losses

Everton have announced record losses of just under £112m (losses of £310m for the decade).. The BBC comments: 'after a £30.6m profit in 2017 and a £13.1m loss in 2018, the latest figures show the alarming rate of spending under majority shareholder Farhad Moshiri.' 2018/19 accounts

Kieran Maguire of the PriceofFootball comments: 'Small print reveals [Alisher Usmanov's] USM doubled sponsorship for Finch Farm training ground to £12m. Moshiri has lent club a further £50m since June 2019.' He adds, 'Everton had a net spend of £101 million in 2018/19 reflecting shift in gear since "Moshirimov"took over.'

Maguire notes, 'Total revenue down for 13 months to 30 June 2019 compared to 12 months in 2018. Has more than doubled over the last decade. Still a long way behind the "Big Six" but top of the "Other 14".'

WG: Everton would regard themselves as historically and potentially a top six club and indeed played a key role in the formation of the Premier League. At the moment in financial terms they are an 'in between' club rather like Atletico Madrid in Spain (although, of course, La Liga has a top two rather than a top six).'

'Commercial income down 5% but still significantly up during the decade, how much of this is down to Usmanov is uncertain. Broadcast income mainly determined by league position as no UEFA competition last season. Impact of 2014 and 2017 new PL TV deals very evident as both increased total payments by 70%. Importance of UEFA qualification shown by gap to clubs above.'

'Matchday income for 2018/19 second lowest of the decade for the club, credit to them for keeping most ticket prices frozen or cut. Puts club mid table in division and shows need for new stadium.' [Mock ups of the new stadium are very impressive].

Usmanov has agreed to paid £30m upfront for an option on naming rights for the new stadium: Naming rights deal

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