Premium
Everton blame Covid for record Sh20 billion loss
Everton's Colombian midfielder James Rodriguez reacts during their English Premier League match against Leeds United at Goodison Park in Liverpool, England on November 28, 2020.
Photo credit: Peter Powell | AFP
What you need to know:
- The Toffees said the impact of Covid-19 amounted to an unforeseen loss of £67.3 million due to a cut in matchday revenue and television rebates
- The club spent £113 million on new players for the 2019/20 season and have splashed another £70 million in the most recent transfer window as well as recruiting Carlo Ancelotti as manager
- To help offset the losses majority shareholder Farhad Moshiri pumped in £50 million of his own money during the last financial year up to June 2020 and has already put in a further £50 million since
London
Everton have announced club record losses of Sh20.6 billion ($186 million) after the implications of the coronavirus pandemic significantly impacted revenues.
