Everton have posted record losses of almost £140m because of the damaging impact of the coronavirus crisis. The club released their annual financial results on Friday evening, with the headline figure being those huge losses - an increase of almost 25 per cent on last year.
But the club’s calculations suggest the financial impact of Covid-19, in terms of lost matchday income, deferred tv payments and other commercial streams, cost them almost £70m in lost revenues.
The figures also showed an investment of £113m in the playing squad in the 2019-20 season, which added to the losses. Everton though, maintained their long term financial position looks healthier, with commercial revenue streams increasing by a whopping 86 per cent on the