Over the past three financial years Everton have posted combined losses of almost £265m (£139.9m in 2019-20, £111.8m in 2018-19 and £13.1m in 2017-18). That breaches Premier League profit and sustainability rules allowing for a loss of £105m over three years, although that is a pre-Covid figure and restrictions have been relaxed as a result of the pandemic.
So here’s my read of it, losses over a three year period of £265, breaching profit and sustainability rules.
250 mill, share issue, clearing a new £100-150 million in income (figure not clear from what I read). But essentially that level of cash flow is going into the club next year.
So for Profit and sustainability rules (if they aren’t relaxed) last year and this year will be rolled up and assessed as one.
But as we stand, £265 losses, minus £100 million (minimum is share issue) is £169 in losses, we can write or COVID losses of approx £70mill, which takes us to losses of about £100 mill approx, if planning permission in granted we can capitalise stadium cost so far, approx £40-50 million, which could take us down to £50 mill in losses and factoring in what we spent in the summer, £60 mill odd we probably make compliance if we need to and that assuming there isn’t a COVID relaxing of it all. Either way if Mosh is buying the shares you get the feeling he will pay enough for them as he needs to, for us to comply. He’s mad.
Very rough calculation as a lot of the stuff is new news. Just my take.