Everton stand to lose £42million if the season is ended prematurely, Football Insider can reveal.
The club announced a whopping £112m loss in their most recent set of financial results, the fourth biggest in Premier League history. The possibility of the season being voided and no more home matches at Goodison Park would put a further big dent in Everton’s already precarious finances. Analysis by Football Insider has shown that Everton would lose around £42m from the combination of incomes losses from broadcasting, matchday and commercial revenue.
This would come from £3m from their remaining home matches, £32m of TV cash based on their current league position and a potential £7m from commercial and merchandising.
It comes at a time when Everton’s losses are being underwritten by owner and majority shareholder Farhad Moshiri.
The Merseysiders have reported steep losses four times in the last five seasons, with the sole exception being a £31m profit in 2017.
In 14 years since 2005, the club has only been profitable on four occasions times.
Premier League clubs are facing a combined bill of around £750m if the season ended now.
But as far as football clubs are concerned, it's a test not only of their financial budgeting efficiency, but also their imagination and creativity - when spending silly money suddenly ceases to be an easy option.
"Don't you turn too - if I ever change..."
Mark Reynolds, one half of Liverpool's second-finest band ever: Red Flag.
(The band name purely a reference to the motor racing signal that stops F1/IndyCar races, not our neighbours.)
Everton stand to lose £15million in matchday income if the entirety of next season is played behind closed doors, Football Insider can reveal.
That bleak possibility is regarded by Premier League club chiefs as a growing possibility amid fears games can’t be played in front of fans until there is a vaccine available for Covid-19. Analysis by Football Insider has shown that the Merseysiders would lose around £15m from loss of gate receipts if matches are played behind closed doors throughout 2020-21.
Everton must prepare to plug a huge black hole in their finances, although it is some way off the ‘big six’.
Each of Liverpool, Arsenal, Tottenham, Chelsea and the two Manchester club earned between £55m and £110m from matchday revenues last season.
Everton’s accounts show they earned £14m from from home games in 2018-19, compared to £16m in the previous campaign when they were in the Europa League.
It comes at a time when the Merseysiders’ losses are being underwritten by owner and majority shareholder Farhad Moshiri.
The club announced a whopping £112m loss in their most recent set of financial results, the fourth biggest in Premier League history.