Everton near edge of Profit and Sustainability rules breach as they report £111.8 million loss

14 January 2020

Moshiri
Photo: Getty Images The club, under owner Farhad Moshiri, now face a race against time to comply with the P&S rules as their 2016/17 profit will not be included in the next three-year period.

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.

Emil Gjerding Nielson nielson@offthepitch.com

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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