Everton accounts released as Bill Kenwright speaks out…

Everton accounts released as Bill Kenwright speaks out on board absence from Goodison Park

On the day that the Blues' year end financial results were published, it's time for your Everton FC evening headlines.

Everton reveal latest club accounts with stark impact of Richarlison sale

Everton have posted an operating loss of £44.7million for the financial year 2021/22 (FY22).

The figure was significantly less than their loss of £121m for the previous year or £139.9m in 2019/20 – seasons in which football clubs were forced to play matches behind closed doors due to the coronavirus pandemic – with Everton one of nine Premier League clubs to have reported losses so far, seven of which were heavier than the Blues (Arsenal, Chelsea, Bournemouth, Leicester City, Manchester United, Tottenham Hotspur and Wolves).

But a significant chunk of the £67.7m generated through "player trading transactions" came from Richarlison joining Tottenham Hotspur back in June - just inside the financial year dealt with in these accounts. Lucas Digne also moved to Aston Villa in the winter window last season.

Everton’s turnover was £181m and this was aided by the return of supporters’ to Goodison Park (gate receipts of £15.6m, up from the £200,000 the previous financial year when most games were behind closed doors) and commercial revenue of £50.4m, a slight increase from the previous year’s £47m.

Everton spent £207m on the new stadium compared to £20.3m the previous year as this was the period in which they officially broke ground on the site at Bramley-Moore Dock while the club’s net debt position increased markedly to £141.7m (FY21 £58.2m) because of investment in the playing squad and significant investment in the new stadium.

Read the full story HERE.

Bill Kenwright responds to Everton allegations and doubles down on 'good times' claim

Bill Kenwright has maintained his confidence that Everton have remained compliant with the Premier League’s financial rules despite the club being accused of an "alleged breach" over profit and sustainability.

The Blues' annual accounts for 2011/22 were published on Friday, detailing an operating loss of £44.7million for the financial year - an improvement on the previous year's £121million loss.

Everton chairman Kenwright used the report to address concerns about profit and sustainability in his foreword notes. He also seemingly doubled down on his message to fans back in January 2022 over "good times" at Everton despite a long spell without silverware.

Kenwright wrote: "As the following accounts for 2021/22 were being prepared for publication, the club was disappointed to learn of the Premier League’s decision to refer it to an independent commission for an alleged Profit and Sustainability breach. I cannot comment ahead of that commission, other than to say that the club is confident it remains compliant with all of the Premier League’s financial rules and regulations and has always provided information to them in an open and transparent manner."

Despite failing to win any silverware during his tenure as chairman, Kenwright took the opportunity to defend his record.

He wrote: "I may have been castigated by some fans for sharing my opinion that I have enjoyed many times at Everton, and even though we have sadly been trophyless under my chairmanship, it is with no fear of further criticism when I say two league games from last season’s 38 will stay with me forever.

"Do I have to say more than that night against Crystal Palace? While the afternoon I stood alone in the stand at Leicester City after a monumental away win, listening to our outstanding travelling supporters sing passionately and enthusiastically - for a full 20 minutes after the game had ended!! - was inspiring, humbling and genuinely moving."

Read the full story HERE.

READ NEXT:

Read news from 100’s of titles, curated specifically for you.

Already a member? Sign in here