Everton have revealed that they lost £120.9 million during the 2020-21 financial year.
The 2020-21 football season was impacted by the COVID-19 pandemic, leading to gate receipts of just £200,000 as only four games were played in front of fans.
As a result, Everton’s financial reports have suggested they were impacted to the tune of £103 million in the last financial year — and £170 million since March 2020 — by the outbreak of the virus.
Everton majority shareholder Farhad Moshiri injected £100 million of new funds into the club last season, while he has also put a further £97 million in after the end of the last financial year.
The Merseyside club’s statement added: “The wide-ranging impact of COVID-19 on Everton — which further market analysis has indicated could include an additional £50m — covers lost revenues, additional costs due to strict COVID-19 playing protocols and a significant contraction in the transfer market which resulted in the inability to generate the level of transfer fees which could reasonably have been expected pre-pandemic.”
Everton also confirmed they have been working with the Premier League to ensure their ongoing compliance with the profitability and sustainability rules, as previously reported by The Athletic.
They added that they had reported a record turnover of £193.1 million. Everton are currently 17th in the Premier League.
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