Record losses, partly attributed to Covid, Moshiriâs funding plans & stadium finance update
An assessment of Everton's accounts for 2019-20
Record losses, partly attributed to Covid, Moshiriâs funding plans & stadium finance update
There are two headlines from todayâs release of the report and accounts to June 30 2020. One is a record loss of £139.9 million of which the club attribute £67.3 million directly to the impact of Covid-19. However, that fails to acknowledge underlying losses of £72.6 million resulting from expenditure remaining much higher than income.
The second item of note is the continued financial support from Farhad Moshiri, £350 million up to the end of the accounting period, a further £50 million in November 2020, and a commitment to further fund the club through a placement of new shares, more of which below