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Everton total losses approach £500m

Everton had a pre-tax loss of £45m in 2021/22, reports Kieran Maguire.  Everton total losses are now £468 million.

Farhad Moshiri put in £229m in 21/22 and club borrowed £50m. £210m spent on new stadium and £86m in transfer instalments.

Auditors report refers to a ‘material uncertainty over going concern’.

Staff payoffs over £10m.   Revenue down compared to previous season due to fewer games played and lower merit payments. Wages £90 for every £100 of income.

The club is at risk of a points deduction this season after Premier League tell rival clubs disciplinary hearing could be concluded in next two months. Six clubs have written to PL demanding transparency and an expedited process.

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