In its last full year of accounts under the ownership of Farhad Moshiri, Everton FC cuts losses to £53.2m and sees revenues rise to £186.9m. Tony McDonough reports
Everton FC’s financial position was improving before the US-based The Friedkin Group had acquired a 98.8% stake in Everton in December 2024.
On Monday, Everton published its financial figures for the 12 months to June 30, 2024. They reveal a £14.7m increase in turnover to £186.9m and losses of £53.2m, down from £89.1m in the previous year.
These figures cover the last full 12 months under the control of majority shareholder Farhad Moshiri. Mr Moshiri sold his shares in Everton to The Friedkin Group’s London-based vehicle called Roundhouse Capital Holdings.This saw the club’s debt converted into equity.
Everton, which will kick off the 2025/26 Premier League Season at its new £750m stadium at Bramley-Moore Dock, said the accounts showed “a year of financial progress”. The club had previously seen points deduction after falling foul of fair play financial rules.
During the accounting period Everton continued funding the development of the 52,888-capacity stadium, incurring capital costs of £312.7m, compared to £210.9m in the previous year.
Sponsorship, advertising, and merchandising revenue increased to £21.6m, a £2.4m uplift. This was driven by new and renewed partnerships with Ticketmaster, eToro, FIGS, and Kick.
Other commercial revenue totalled £17m, down £2.7m due to the absence of a mid-season international tour – unlike the 2022/23 trip to Australia during the Premier League World Cup break.
During the 2023/24 season broadcast revenues increased by £13.2m to £129.2m, reflecting higher merit-based prize money, live match facility fees, and international TV rights.
Wage-to-turnover ratio fell from 89% to 81% (taking into consideration outsourcing of retail and catering operations), demonstrating the club’s commitment to financial sustainability while maintaining a competitive squad.
A £48.5m profit was generated from player trading activities and gate receipts rose to £19.1m, an increase of £1.8m, with 19 home Premier League fixtures and additional domestic cup ties compared to the previous year.
Exceptional costs included £10.4m incurred due to refinancing of debt facilities and costs associated with regulatory matters. Everton’s net debt increased to £567.3m, reflecting investment in the squad, stadium development, and operational costs.
Everton has already held two test events at the stadium with 10,000 fans at the first game and 25,000 at the second game and was pleased with how both went.
On Monday the club said: “Post balance sheet events within the accounts, which took place upon Roundhouse Capital Holdings taking control of the Club in December, show Everton has completed comprehensive refinancing and repayment of existing borrowings.
“Additionally, the interest-free shareholder loan from Bluesky Capital has been converted into equity, significantly strengthening the club’s balance sheet.
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“Furthermore, Everton has finalised an agreement on stadium financing, marking the final step in an extensive capital restructuring process. These measures establish a stable and sustainable foundation as the club moves forward.”
Everton’s interim chief executive Colin Chong added: “Since the accounting period ended, the takeover process has resulted in a significant strengthening of our financial platform—something that is not reflected in these figures.
Despite the challenges we have faced in recent years, and during the accounting period covered by these accounts, the hard work of everyone across the club—on and off the pitch—has ensured we have continued to move forward.”
