Everton near edge of Profit and Sustainability rules breach as they report £111.8 million loss
14 January 2020
Despite the massive loss, a profit of £30.6 million in the 2016/17 season save Everton from breaching the Premier League's Profitability and Sustainability rules.
Everton will have to make a profit in the current season to be compliant with the regulations.
Russian billionaire Alisher Usmanov has secured an option to purchase the naming rights for the club's new stadium in a £30 million deal.
The club also revealed Moshiri has now provided interest-free shareholder loans of £350 million to the club, reducing their net debt by £56.6 million to £9.2 million.
Everton recorded a loss of £111.8 million for the 13 months to 30 June 2019, the club's just released annual accounts reveal, meaning they will have to turn a profit in the current season if they want to be compliant with the Premier League's Profitability and Sustainability (P&S) rules.
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