Everton report losses of £53m for 2023-24 season

Everton have reported losses of £53m for last season.

Although the figure is less than the £89m deficit from 2022-23, it is the club’s seventh successive year of losses – totalling £570m.

Last season Everton were deducted eight points for two separate breaches of Premier League profit and sustainability rules (PSR) for the rolling three-year periods including the 2021-22 and 2022-23 seasons.

In January the Premier League said it had not charged any clubs for breaches after all were deemed financially compliant for 2023-24.

It later said Everton would not face further action over an outstanding issue relating to an earlier PSR charge.

Under PSR rules, clubs can lose a maximum of £105m over three years before facing sanctions.

Everton’s losses for the past three seasons are £187m, but costs associated with investment in infrastructure and youth and women’s teams can be deducted when calculating PSR losses.

Everton are scheduled to move to a new 52,888-capacity stadium at Bramley-Moore Dock this summer in time for the 2025-26 season.

Everton also reported:

£313m spent on the development of the new stadium, up from £211m the previous year.
£50m generated from player sales, including defender Ben Godfrey joining Atalanta for £10m and winger Lewis Dobbin moving to Aston Villa for a reported £9m shortly before the accounting deadline of 30 June.
Wage-to-turnover figure reduced from 89% to 81%.
Turnover increased by £15m to £187m.
Net debt rose to £567m.