Everton announce a 25% increase in yearly losses

Everton have announced they’ve been hit hard by the UK government’s lockdowns this year.

The club released their annual financial results on Friday evening, with the headline figure being those huge losses – an increase of almost 25 percent on last year.

But the club’s calculations suggest the financial impact of the lockdown, in terms of lost matchday income, deferred tv payments and other commercial streams, cost them almost £70m in lost revenues.

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The figures also showed an investment of £113m in the playing squad in the 2019-20 season, which added to the losses.

Everton though, maintained their long term financial position looks healthier, with commercial revenue streams increasing by a whopping 86 per cent on the previous year, to a figure of £76m.