Everton has announced financial losses of £53 million for the 2023-24 season, marking the club’s seventh consecutive year in deficit.
Although the figure is an improvement compared to the £89 million loss in the previous year, Everton’s total losses over seven years now stand at £570 million.
Last season, the club faced an eight-point deduction due to breaches of Premier League profit and sustainability rules (PSR) over the rolling three-year period from 2021-22 to 2022-23.
While the Premier League deemed all clubs financially compliant for the 2023-24 season, Everton’s financial challenges remain significant.
The club’s losses over the past three years amount to £187 million. However, investments in infrastructure, youth development, and women’s football can be deducted from PSR calculations.
Everton has invested £313 million into their new 52,888-capacity Bramley-Moore Dock stadium, up from £211 million the previous year, with plans to move in ahead of the 2025-26 campaign.
The Texas-based Friedkin Group completed a £400 million takeover of Everton in December, refinancing the club’s borrowings and converting former owner Farhad Moshiri’s interest-free shareholder loans into equity.
On the pitch, Everton has experienced a revival under the return of manager David Moyes, replacing Sean Dyche in January. Unbeaten in nine Premier League games, the team sits 15th in the table and 17 points clear of relegation.
