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Everton faces uncertain future after proposed sale to investment firm 777 Partners falls through - The Daily Reporter
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Everton Takeover By US Private Equity Firm Falls Through
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Everton assessing future options after takeover collapses
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Everton announce record losses of almost €152million in ‘very challenging year’
Everton revealed the cost of Covid-19 amounted to an unforeseen loss of €73.4m. By Press Association Friday 11 Dec 2020, 7:49 PM Dec 11th 2020, 7:49 PM 6,387 Views 6 Comments
Image: PA
Image: PA
EVERTON HAVE ANNOUNCED record losses of just over €150 million after the implications of the coronavirus pandemic significantly impacted revenues.
The club’s deficit after tax was €152.61m, considerably worse than a year ago when they posted a then-record loss of €121.98m, albeit over a 13-month accounting period.
Everton said the cost of Covid-19 amounted to an unforeseen loss of €73.4m.
To help offset the losses majority shareholder Farhad Moshiri pumped in €54.54m of his own cash during the last financial year up to June 2020 an