Everton have confirmed a £53 million loss for the 2023-24 season, marking their seventh straight year in financial deficit.
However, the Premier League club remains within the league’s profit and sustainability (PSR) regulations and will not face further sanctions.
Despite showing improvement from the £89.1 million loss recorded the previous year, Everton’s total financial losses over the past seven years now amount to £570 million.
Last season, the club was docked eight points for two separate PSR breaches, but in January, the league ruled that all clubs, including Everton, were compliant for the current season.
Under PSR rules, clubs can only lose up to £105 million over a three-year period.
While Everton’s reported losses over that timeframe reached £187 million, exemptions for infrastructure investments, youth development, and women’s football helped them meet compliance standards.
The club recently secured a £350 million funding deal for their new 52,888-capacity stadium, which is set to open for the 2025-26 season.
Everton’s financial situation has also improved following the Friedkin Group’s £400 million takeover in December, which converted Farhad Moshiri’s shareholder loans into equity.
On the pitch, Everton have been in strong form under reappointed manager David Moyes, sitting 15th in the Premier League and 17 points clear of the relegation zone.
