Everton's Financial Losses Nearly Double, Deepening Crisis

The club faces further Premier League sanctions amid heavy investment and suspended sponsorships.

Everton Football Club reported a significant financial loss of £89.1 million ($112.5 million) for the 2022-23 season, nearly doubling the previous year's loss of £44.7 million.
The club's financial struggles are exacerbated by the indefinite suspension of sponsorship deals with key commercial partners, including those affected by sanctions against Russian companies.
Everton faces the possibility of further sanctions from the Premier League for breaching profitability and sustainability rules, having already been deducted six points this season.
The financial report reveals heavy investment in a new stadium, which contributes to the club's increased net debt, now standing at £330.6 million ($417 million).
Everton's majority shareholder, Farhad Moshiri, remains confident in a protracted takeover of the club by 777 Partners, expected to be completed soon.