Everton have announced losses of £120.9m in their latest accounts - the third year in succession they have reported such a massive deficit.
And that highlights the extent the club currently relies on the backing of billionaire owner Farhad Moshiri, who has twice injected significant amounts of cash into the coffers in the past two years, despite record levels of turnover.
The accounts for the financial year ending June 2021, were released on Tuesday afternoon, and they show significant losses even on turnover of almost £200m, which is the highest in club history. That follows a record loss of almost £140m in 2020 and a further £111.8m in 2019, with losses totalling almost £400m over the past four seasons.
