- Club’s ability to continue as a going concern at risk if demoted
- Everton’s combined losses for past three years stand at £305.5m
Everton’s ability to continue as a going concern would be plunged into doubt in the event of relegation from the Premier League, the club’s latest set of accounts have revealed.
The bleak assessment, contained in the Everton directors’ report and from the auditor Crowe UK LLP, came on Friday when the club announced losses of £44.7m for the 2021-22 season. The loss is a significant reduction on the previous year’s figure of £120.9m but arrived in a year when Everton made a £67.7m profit on player trading. Richarlison, Lucas Digne and James Rodríguez were among the sales that year.
Written by Andy Hunter
This news first appeared on https://www.theguardian.com/football/2023/mar/31/evertons-survival-in-doubt-if-relegated-from-the-premier-league under the title “Everton’s survival in doubt if relegated from the Premier League”. Bolchha Nepal is not responsible or affiliated towards the opinion expressed in this news article.
