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Everton posted a loss of £ 89.1 million (US$112.52 million) for the 2022-23 season on Sunday, almost double the figure from a year earlier, as they await the outcome of an appeal against a second charge of breaching profit and sustainability rules (PSR).
In their latest accounts report released on Sunday, Everton attributed part of the losses to the suspension of all commercial sponsorship arrangements with Russian companies USM Holdings, MegaFon and Yota following Russia’s invasion of Ukraine.
It marks the sixth straight year of losses for the Merseyside club, who posted a loss of £44.7 million for 2021-2022, with their losses for the past three seasons amounting to just under 255 million pounds. According to Premier League guidelines, clubs are at risk of breaching PSR if they incur more than 105 million pounds in losses over three seasons. — Reuters.
Online Reporter