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Everton released their latest financial report: last season incurred nearly £100 million in losses

Everton released their latest financial report: last season incurred nearly £100 million in losses

Recently, the English Premier League club Everton released their latest financial report. In the past 2022-2023 season, they unfortunately incurred new debts, with a net loss of £89.1 million, bringing their total debt to £330.6 million.

It is reported that this marks Everton's sixth consecutive season of losses. The main reason for the significant losses is due to the construction of their new stadium, which is planned to be operational by 2025 and has incurred costs of £210.9 million.

Furthermore, according to TA, the team's operating revenue decreased due to the suspension of cooperation with the Russian sponsor USM for well-known reasons. On the transfer front, although the sale of academy graduate Anthony Gordon to Newcastle brought in £61 million, the purchase of new players cost £91.5 million, resulting in Everton also experiencing losses in the transfer market. Additionally, Everton incurred over £10 million in termination fees due to changes in management and coaching staff.

Such a large deficit also significantly reduces Everton's chances of passing the Profitability and Sustainability Rules (PSR) review by the Premier League. However, considering the current starting point for penalties has been adjusted to 3 points, Everton may not face too many points deductions. Currently, Everton are only 3 points ahead of the relegation zone, ranking 16th in the Premier League.
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