Everton Football Club has reported a financial loss of £53 million ($68.44 million) for the 2023-24 season, marking the seventh straight year of operating in deficit.
However, the Premier League club confirmed that it remains compliant with the league’s Profit & Sustainability Rules (PSR).
The latest figures show an improvement from the previous year’s £89.1 million loss, though Everton’s cumulative losses over the past seven years now stand at £570 million.
Last season, the club faced an eight-point deduction for breaching PSR regulations across the rolling three-year periods that included the 2021-22 and 2022-23 campaigns. However, in January, the Premier League confirmed that all clubs, including Everton, adhered to financial regulations for the 2023-24 season, meaning no further penalties would be imposed.
Under PSR guidelines, clubs are permitted a maximum loss of £105 million over a three-year span. While Everton reported total losses of £187 million for that period, exemptions for investments in infrastructure, youth development, and women’s football helped the club maintain compliance.
This month, the club secured a long-term financing deal for their new 52,888-capacity stadium, finalizing a £350 million funding agreement to refinance existing borrowing on the project. The club is set to move into the new venue for the 2025-26 season.
The club’s financial landscape has changed significantly since the Texas-based Friedkin Group completed a £400 million takeover in December.
The acquisition ended Farhad Moshiri’s eight-year tenure and saw his shareholder loans converted into equity, strengthening Everton’s financial position.
On the pitch, Everton reappointed David Moyes as manager in January following the departure of Sean Dyche. Since then, the team has remained unbeaten in nine Premier League matches and currently sits 15th
