Everton hit by new financial blow – Stefan Borson
Everton will be disappointed their revenue for last season was lower than expected at £183million as they look to improve their financial situation.
That is the view of finance expert Stefan Borson, who exclusively told Football Insider the Merseyside giants’ wage bill will provide an indication of where they are at from a profit and sustainability (PSR) perspective.
Deloitte’s 2025 Money League revealed Everton’s overall revenue increased from £172million in 2022-23 to £183million last season.
They were docked eight points last season after being charged by the Premier League for two separate spending breaches.
The independent commission that oversaw the second case postponed an argument over the capitalisation of the new stadium interest by the club after ruling it was too complex to be heard at the time, with a further hearing to take place at a later date.
But the Merseysiders confirmed on 17 January they have now resolved all of their outstanding PSR issues after the Premier League formally discontinued the second part of the complaint.
Everton have limited PSR leeway after financial reveal
Borson revealed he doesn’t believe Everton will have much leeway from a PSR perspective for the current campaign.
He told Football Insider: “The slightly disappointing thing for Everton is the level of revenue for 2023-24 was probably a little bit less than some forecasts.
“It turned out to be £183million of revenue. I think Swiss Ramble was estimating it to be a bit higher at around £190-195million, so it was slightly less than some of the estimates.
“But for teams in Everton’s position, we only have the release of the gross revenue and not a breakdown of each individual component, nor do we have the wage bill.
“It will be interesting to see what their wage bill was last season. I think Swiss Ramble has got it at around £145million. I have got it a bit higher.
“But that will then guide effectively where they are coming out, and that will then answer the question as to how much capacity they have got from a PSR perspective, assuming that at the end of June 2024, they were broadly zero above the £105million limit.
“I am sure that the sales they made towards the end of the window got them to about £105million exactly, so they started the season on my numbers at about £105million.
“Then the year that drops out for the current season was one of their better years because it was only a small loss, so it’s still a challenging situation for them, especially without player assets to sell.
“I don’t think they have got huge leeway, but clearly, they have had a big benefit from having the historic case disappear.”
In other news, Everton want to sell 26-year-old for “£20m” and sign immediate replacement.
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