Everton has Made Record Profit for 2013-14

Everton’s accounts for the year ending 31 May 2014 show a club record profit of £28.2m. They have highest turnover of £120.5m in their history accumulated from new Premier League TV deal and profits on sale of players plus increase in sponsorship income and gate receipts. Their latest accounts published on Friday also reveal reduction in their net debt to £28.1m from £45.3m. “We are going ahead off the field as well as on it on many fronts, “Everton chairman Bill Kenwright said. The club earned profit for the second consecutive year which was £1.6m in 2012-13.  Broadcost revenue from the first season of a 3 year Premier League television deal which began in 2013 increased by significant amount. It went from £55.7m to £88.5m.

Player trading yielded a profit of £28.2m arising from the sale of midfielder Marouane Fellaini, Victor Anichebe and Nikica Jelavic. There was a slight increase in sponsorship, advertising and merchandising revenue while gate receipts went up along with ttendances. Squad strengthening raised staff costs by 10 % from £63m to £69.3m. Latest accounts do not include Romelu Lukaku’s club record sigining from Chelaea because he did not come until July this year. The 2014-15 accounts will record that deal along with new contracts with manager Roberto Martinez, midfielder Ross Barkley, defenders Seamus Coleman and John Stones.

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