While better than the £89 million deficit from 2022-23, this marks the club’s seventh consecutive year of deficit – a total of £570 million over this period.
Last season, Everton were deducted eight points for two separate breaches of the Premier League’s profit and sustainability rules (PSR) for the three-year periods that included 2021-22 and 2022-23.
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In January, the Premier League announced that no clubs were sanctioned for breaches in 2023-24, when all were considered financially compatible.
It was later confirmed that Everton will not receive any further punishment for an outstanding PSR violation from earlier.
According to the PSR rules, clubs can lose a maximum of £105 million over three years before facing sanctions.
Everton have a total deficit of £187 million over the last three seasons, but costs related to infrastructure, youth academy and women’s teams can be deducted from the PSR calculation.
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New stadium and financial key figures
Everton are scheduled to move to a new 52,888-seat stadium at Bramley-Moore Dock for the 2025-26 season.
The club also reported:
- £313 million spent on new stadium (up from £211 million the year before).
- £50 million in player sales, including Ben Godfrey (£10 million to Atalanta) and Lewis Dobbin (£9 million to Aston Villa) just before the June 30 financial deadline.
- Wage costs reduced from 89% to 81% of turnover.
- Revenue increased by £15 million to £187 million.
- Net debt increased to £567 million.
New ownership and sporting situation
The Texas-based Friedkin Group completed a £400 million takeover of Everton in December, ending Farhad Moshiri’s turbulent eight years as owner.
The group refinanced the club’s loans on better terms, including £350 million in debt related to the new stadium.
Moshiri’s interest-free shareholder loan has also been converted into equity.
Everton signed Sean Dyche in January and replaced him with former manager David Moyes.
After nine Premier League games without defeat, the team is in 15th place – 17 points above the relegation zone.
