Everton Chairman Pleased with Positive Financial Results

January 30, 2014

Premier League club Everton have released their financial figures for the 2012-13 season, with the figures highlighting an increase in turnover.

Turnover at the Merseyside club increased by 7.3% to £86.4m ($142.5m) and operating profit before player trading was significantly better than the previous year – £700,000 ($1.15m) compared to a loss of £6.4m ($10.5m)  the previous year.

In 2011-12 profit on player sales stood at £14.1m ($23.25m) but that figure has increased in the latest report to £15.6m ($25.72m).

Net profit also improved from a £9.1m ($15m) loss to a £1.6m ($2.63m) profit and Everton’s Chairman Bill Kenwright was delighted with the results, in a period of change for the club.

Kenwright said in the Annual Report and Accounts: “Each year, when I sit down to carry out my review of the previous year, I focus on whether our club is in a better position than it was a year ago.

“And while we have undoubtedly gone through a period of change, the answer can only be a resounding yes.

“On and off the field we continue to push forward on every front, led by the values and ethos that infuse every person and every aspect of the club’s life.”

Everton lost manager David Moyes after ten years at the helm and was replaced by former Wigan manager Roberto Martinez for the start of the 2013-14 Premier League season.