Revealed: Everton expected to make £70m+ announcement
Everton are expecting to announce a £70million-plus loss in their next set of financial results, sources have told Football Insider.
The Merseysiders have recorded record Premier League-record losses of over £370million across the 2018-19, 2019-20, and 2020-21 campaigns.
The trend of disastrous results is expected to continue when the club reveal their financial performance for the 2021-22 season.
It is believed the annual loss will significantly drop year-on-year, but will still be one worth more than £70m.
The Everton party line remains that the club are operating within Financial Fair Play guidelines.
It is said by the club that various add-backs see them fall within the £105m worth of losses allowed by FFP across a three-year period.
However, the general picture is a deflating one for Everton supporters hoping billionaire owner Farhad Moshiri is willing and able to bankroll major investment in an underperforming squad.
It comes amid a backdrop of potentially huge changes behind the scenes.
Football Insider revealed on Thursday (24 November) that a full takeover of Everton by US investors is edging closer.
It is said that a “a deal to buy Everton is closer than what people think”, with an unnamed US consortium “very strong” on buying the club.
This is especially significant given Moshiri is still yet to secure the funds for the Toffees’ 2024 move to Bramley-Moore Dock stadium.
Everton announced a £140m loss on a turnover of £185.9m for the 2019-20 campaign.
In the follow-up 2020-21 Covid-affect season, the Merseysiders posted a loss of £121m as revenue rose to a club-record £193m.
In other news, huge Everton takeover news emerges.