MOSHIRI OUT
SACK THE BOARD
SACK THE BOARD
- Status
Everton has released its report and accounts for the 2021/22 season.
The accounts show the Club recorded a turnover of £181m and a reported statutory loss of £44.7m, representing a £76m (63 per cent) reduction on the loss of £121.3m for 2020/21, despite the impact of a significant fall in broadcast income.
Key points within the 2021/2022 report and accounts include:
- The generation of £67.7m of profit on player trading transactions, a five-fold increase of £54.5m from the prior year player trading profit of £13.2m
- Total commercial revenue from sponsorship, advertising and merchandising and other commercial activities growing by £3.8m to £50.4m.
- Broadcast revenue falling from £146.4m in 2020/21 to £115.1 in 2022. The previous year's broadcast numbers were inflated due to the COVID-impacted 2019/20 campaign being completed within its financial reporting period.
- Broadcast revenue was also impacted by the fall in the Club's Premier League finishing position (10th in 2020/21 to 16th in 2021/22) and by two fewer games being selected for live television broadcast.
- Gate receipts returning to more typical figures in 2021/22 with all games played in front of supporters, unlike the previous year due to COVID-19 restrictions.
- The impact of COVID-19 remaining significant, with the pandemic contributing to combined crystallised losses of more than £90m, with significant substantial uncrystallised losses also incurred.
- Operating expenses (pre-player & management trading and exceptional items) across the Club decreased by 5 per cent from £215.1m to £204.9m despite an increase in other operating costs to £36.2m from £25.4m. This is primarily due to significant costs incurred relating to implementing COVID-secure measures across Club sites along with the safe re-introduction of fans to the stadium.
The Club's net debt position increased to £141.7m as a result of investment in the playing squad and significant investment in the Everton Stadium project.
The breaking of ground at the Everton Stadium at the very start of the 2021/22 accounting period incurred significant capital costs - £207m - relating to the infilling of Bramley-Moore Dock, enabling works, and above-ground construction commencing on all four sides of the stadium.
Despite the substantial financial impact of several unexpected and unprecedented factors in recent seasons, the Club remains in a secure financial position thanks to the continued support and commitment of our Majority Shareholder. In the post year end period, the Majority Shareholder has provided a further £70m of financial support to the Club.
The accounts show the Club recorded a turnover of £181m and a reported statutory loss of £44.7m, representing a £76m (63 per cent) reduction on the loss of £121.3m for 2020/21, despite the impact of a significant fall in broadcast income.
Key points within the 2021/2022 report and accounts include:
- The generation of £67.7m of profit on player trading transactions, a five-fold increase of £54.5m from the prior year player trading profit of £13.2m
- Total commercial revenue from sponsorship, advertising and merchandising and other commercial activities growing by £3.8m to £50.4m.
- Broadcast revenue falling from £146.4m in 2020/21 to £115.1 in 2022. The previous year's broadcast numbers were inflated due to the COVID-impacted 2019/20 campaign being completed within its financial reporting period.
- Broadcast revenue was also impacted by the fall in the Club's Premier League finishing position (10th in 2020/21 to 16th in 2021/22) and by two fewer games being selected for live television broadcast.
- Gate receipts returning to more typical figures in 2021/22 with all games played in front of supporters, unlike the previous year due to COVID-19 restrictions.
- The impact of COVID-19 remaining significant, with the pandemic contributing to combined crystallised losses of more than £90m, with significant substantial uncrystallised losses also incurred.
- Operating expenses (pre-player & management trading and exceptional items) across the Club decreased by 5 per cent from £215.1m to £204.9m despite an increase in other operating costs to £36.2m from £25.4m. This is primarily due to significant costs incurred relating to implementing COVID-secure measures across Club sites along with the safe re-introduction of fans to the stadium.
The Club's net debt position increased to £141.7m as a result of investment in the playing squad and significant investment in the Everton Stadium project.
The breaking of ground at the Everton Stadium at the very start of the 2021/22 accounting period incurred significant capital costs - £207m - relating to the infilling of Bramley-Moore Dock, enabling works, and above-ground construction commencing on all four sides of the stadium.
Despite the substantial financial impact of several unexpected and unprecedented factors in recent seasons, the Club remains in a secure financial position thanks to the continued support and commitment of our Majority Shareholder. In the post year end period, the Majority Shareholder has provided a further £70m of financial support to the Club.
Yarrgh
Player Valuation: £70m
Bill Kenwright is the idiot chairman. Moshiri is the idiot owner. Denise is the idiot CEO .
catcherintherye
Player Valuation: £80m
I think the club have narrowly failed the arbitrary P&L figure, over a 4 (not 3) year figure.
Hickson9
Player Valuation: £30m
Do you have the workings out?
Can’t believe the fans got the accounts in a headlock and now they’re goosed.
davek
Player Valuation: £150m
By how much?
You sound like that lunatic Carlin mate.
I'm not wanting the club to be penalised. I'm wanting Bill Kenwright and Denise Barrett Baxendale to be held accountable.
They are the ones that put us all in this position.
There are some significant issues in the accounts. Costs associated with Dele Alli is one example, that Bill Kenwright is responsible for.
BOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO
SACK THE BOARD, THEN DRIVE THEM FROM THIS CLUB FOREVER
PARASITES
SACK THE BOARD, THEN DRIVE THEM FROM THIS CLUB FOREVER
PARASITES
Bluelenny1984
Player Valuation: £6m
Your funny, you where trying to cosy up to Davek a few weeks back and now your having a pop at him to.
Clown!
SSo
So basically one could argue a gylfi and an Alli?
No need to get personal.
Myself and @davek have been friends for years. I suggest you mind your own business. Next one you get reported to the moderators.
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