At The Political Economy of Football website, Wyn Grant provides a more contexted overview of Everton and especially their finances over the last few years, with the construction of the new Everton Stadium looming large.
Everton have lost money seven years in a row, adding up to a staggering £566m. The good news is that their deficits have been smaller in the last three years, though the total loss was still a hefty £181m. That said, this still represents a significant improvement over the preceding 3-year period, when the aggregate loss was more than twice as much at £373m.
To Illustrate the magnitude of Everton’s poor financial performance, their £553m loss in the last six years was the worst in the Premier League, far above Aston Villa £411m and Manchester United £330m, though Chelsea would have been a little higher than the Toffees if their asset sales were excluded. Even after the improvement in the last three years, their £181m loss in this period was still the fourth highest in England’s top flight, so the message is unequivocal: Everton lost a tremendous amount of money under Moshiri.
Much of Everton’s debt has arisen due to the investment in the new 52,888 capacity stadium at Bramley-Moore Dock, which could be a game changer for the club, when it opens at the start of next season.
The new stadium has required numerous sacrifices during its development, but it will offer additional revenue-generating opportunities that could be transformative to the club’s fortunes. It will be interesting to see whether this new-found confidence is reflected in this summer’s transfer campaign, as the squad is in need of a major overhaul after a few years of austerity.