Everton record £53m loss for 2023/24
Everton have reported losses for a seventh successive season, having run £53.2m in the red for the 2023/24 financial year.
The figure is an improvement on the £89.1m loss recorded for the previous season and it takes the Club's three-year rolling deficit to £187m, although when costs associated with infrastructure investment and youth and women's teams, it falls below the £105m allowed under the Premier League's profitability and sustainability rules (PSR).
As such, Everton were not charged with further breaches of PSR by the league this year after being docked eight points in 2023/24.
The Club's accounts reflected huge increased stadium development costs from £210.9m to £312.7m as construction of the new ground at Bramley-Moore Dock was completed but player trading was, once again, in the green with a £48.5m netted for the year thanks to the sales of Amadou Onana, Ben Godfrey and Lewis Dobbin.
Turnover increased by £14.7m to £186.9m, the wages-to-turnover ratio fell from 89% to 81% whole net debt rose to £567m, although that figure is expected to massively improve in next year's accounts following the acquisition of the Blues by The Friedkin Group.
Reader Responses
Selected thoughts from readersAdd Your Thoughts
Only registered users of Evertonia can participate in discussions.
Or Join as Evertonia Member — it takes just a few minutes and will allow you to post your thoughts on artices across the site.
31/03/2025 17:52:02
Wages should drop further at the end of June when a number of contracts officially end. Even with new players coming in the wage bill overall should drop.
I think we will still be reliant on player trading to make the biggest impact until the new stadium is fully up and running.
The fact that the rugby league ashes are due to be played at BMD is a sign of things to come. You would hope that a number of events will start to appear over the next twelve months. I am curious with how many you are allowed though. I know there is a cap here in Ireland on music concerts being played, especially in a stadium like Croke Park, which is in the middle of a large residential area. This due to noise as much as the crowds as far as I know, but I am open to correction. Alot of work is completed in this regard with local residents and community groups. I don't know enough about the BMD area though to know how residential the area is. Anybody know more than I do?