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Premier League club Everton said the effects of the COVID-19 pandemic were the main reason for losses of £120.9 million (US$158.05 million) for the year ending in June 2021 after releasing their latest consolidated accounts on Tuesday.
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(Reuters) - Premier League club Everton said the effects of the COVID-19 pandemic were the main reason for losses of 120.9 million pounds ($158.05 million) for the year ending in June 2021 after releasing their latest consolidated accounts on Tuesday.
Premier League club Everton said the effects of the COVID-19 pandemic were the main reason for losses of 120.9 million pounds ($158.05 million) for the year ending in June 2021 after releasing their latest consolidated accounts on Tuesday.
Premier League strugglers Everton recorded losses of £120.9 million ($157 million) in the last financial year, but are set to avoid being held in breach of profit and sustainability rules. Figures released for the year ending June 2021 showed Everton were badly hit by another season impacted by the coronavirus pandemic.
Premier League strugglers Everton recorded losses of £120.9 million ($157 million) in the last financial year, but are set to avoid being held in breach of profit and sustainability rules.
Everton «remain in a secure financial position» thanks to owner Farhad Moshiri despite posting losses of more than £110m for a third straight season.
Everton have posted a loss of over £100million for the third successive year but will not be held in breach of Premier League profit and sustainability rules.