Everton’s 2021/22 Financial Accounts Reveal Significant Reduction in Losses – Everton Football Club has recently released their financial accounts for the 2021/22 season, revealing a loss of £44.7 million. This represents a significant improvement from the previous year, where they posted a loss of £121.3 million, marking a 63% reduction in losses.
The release of these accounts comes after the Premier League referred the club to an independent commission over an alleged breach of profit and sustainability rules for the “period ending season 2021/22”. However, Everton “strongly contests the allegation of non-compliance” and has expressed confidence that they remain “compliant with all financial rules and regulations.”
When compared to their Premier League rivals, Everton’s losses for the 2021/22 season are lower than seven other clubs. Chelsea and Manchester United both recorded losses that exceeded £100 million, while Leicester City, Tottenham Hotspur, Bournemouth, Wolves, and Arsenal all posted greater losses than Everton. Southampton, on the other hand, recorded a loss of £6 million.
Interestingly, seven Premier League clubs managed to post profits for the 2021/22 season. Manchester City led the way with a profit of £41.7 million, followed by Brentford (£30 million), Brighton (£24.1 million), West Ham United (£12.3 million), Liverpool (£7.5 million), and Aston Villa (£400,000).
At the time of writing, Crystal Palace, Fulham, Leeds United, Newcastle United, and Nottingham Forest have yet to release their financial accounts for the 2021/22 season.
It is worth noting that football clubs have been heavily impacted by the COVID-19 pandemic, which has resulted in a significant reduction in matchday revenue due to limited capacity crowds or no crowds at all. Therefore, the financial performance of football clubs has been subject to greater scrutiny, particularly regarding their ability to adhere to financial fair play regulations.
Everton’s 2021/22 Financial Accounts Reveal Significant Reduction in Losses
Overall, Everton’s financial accounts for the 2021/22 season indicate that the club is moving in the right direction in terms of reducing its losses. However, it remains to be seen whether the Premier League’s independent commission will find any evidence of wrongdoing regarding profit and sustainability rules.
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