Everton achieve best financial results in eight years

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 a boost from Goodison-related memorabilia.

In a rarity for a Premier League club, Everton’s wage bill fell, down £4.6m to £152.1m. That was, from the most recently published set of financials across clubs, the fifth-lowest wage bill in the division. Finishing 13th represented an overachievement in that sense.

Even as these results are more positive, Everton’s operating loss (pre-player sales and exceptional items) was £64.7m in the red. That was nearly a £20m improvement in a year, but shows that new ownership does not equal an immediate clean slate. The stadium move will help the top line, as will improving on-field performance, but the fix will take longer than a year and a half.

These accounts also highlight the financial stabilisation of the club under TFG, with onerous short-term, high-interest loans refinanced on more advantageous terms. Everton are now on a much more stable footing under TFG, with access to cash. Unlike in previous years, there was no ‘going concern’ warning from auditors Crowe that cast doubt over the club’s ability to meet short- and medium-term liabilities.

Revenues will rise in the new stadium, as will costs, but they still lag far behind even those of clubs such as Newcastle United (£335m) and Aston Villa (£378m), never mind the Premier League’s elite, emphasising the need for European football and improved commercial performance. Chelsea, the worst performer of the ‘big six’ on this metric, made around £300m more than Everton across the 2024-25 financial year.

There is already early evidence that Hill Dickinson Stadium can be a game-changer for Everton. Revenues for 2026 are expected to rise to around £250m-£260m, depending on the team’s final league placing. New partnerships have been signed with major sponsors such as Pepsi and Budweiser, alongside the stadium naming rights deal with legal services firm Hill Dickinson. None of this would have been possible without the new ground.

Everton spent £52.4m on new players in 2024-25, with Iliman Ndiaye, Jake O’Brien and Alcaraz signed permanently, and received £56.2m from the sales of Amadou Onana to Aston Villa and Neal Maupay to Marseille. Those exits generated £31m in accounting profit for the club.

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A poor financial record, but new hope at Everton

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The Political Economy of Football V2

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