Moshiri reaches deep as Everton record massive losses again

13 December 2020

Moshiri
Photo: PA Images Not since Sheikh Mansour’s initial investment in City, when the club racked up losses of £198 million in 2011 and £195 million a year later, has a Premier League club encountered such deficits as Everton under the ownership of Moshiri.

Everton owner seeks £250 million share issue to convert loans into equity and new capital injection.

Combined three year losses of £265 million shatter FFP’s £105 million loss limit.

Imminent Bramley Moore stadium decision will see £60 million of losses capitalised at a stroke.

James Corbett corbett@offthepitch.com

As owner Farhad Moshiri plans to invest £250 million to stabilise the club’s finances, Everton have become the first club since Manchester City a decade ago to post consecutive losses in excess of £100 million.

Announced on Friday evening, the staggering losses of £139.9 million – of which £67.3 million have been attributed to Covid-19 – for the 2019/20 financial year brings to a total £265 million Everton’s losses incurred over the past three years.

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