Moshiri reaches deep as Everton record massive losses again
13 December 2020
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.
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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