Everton have reported losses of almost £121m for their latest financial year despite a record turnover.
The Premier League club said "continued investment" in the playing squad as well as the impact of the Covid-19 pandemic led to losses of £120.9m for the 12 months to June 30, 2021.
Everton added the pandemic inflicted losses of at least £170m on the club, with £103m of that figure coming in their latest financial year.