Everton’s latest set of accounts laid bare the financial reliance that the club has on majority shareholder Farhad Moshiri.
On Friday evening the club made public its financial statements for the year ending June 2022, with a loss of £44.7m recorded.
That figure was a £76m reduction on the losses seen in the previous financial year (2020/21) where a loss of £121.3m had seen the club rack up losses exceeding £370m. However, another loss-making year means that the club have now not turned a profit since 2017/18 and cumulative losses over the last four seasons stand at around £415m.
