Everton's Financial Challenges and Stadium Transition
Everton reports £53m losses for last season but shows progress in some areas.
Everton's Financial Situation: Everton has reported losses of £53m for the last season. Although lower than the previous £89m deficit, it marks the club's seventh consecutive year of losses, totaling £570m. The club faced deductions and compliances with Premier League rules. Stadium Development: A significant £313m was spent on the new stadium's development. Player Sales and Finances: £50m was generated from player sales. Wage-to-turnover ratio improved, and turnover increased. The Texas-based Friedkin Group takeover brought changes. The club is set to move to the new stadium in 2025-26.
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