Everton’s 2021/22 financial results covered a season when they finished 16th in the Premier League, avoiding relegation by just four points. In addition, the club struggled to meet financial fair play targets.
With a fair degree of understatement, the chief executive Denise Barret-Baxendale described this as “a challenging period for everyone at Everton football club on and off the field.”
This season has proved equally difficult, resulting in the departure of manager Frank Lampard in January, replaced by Sean Dyche.
Profit/(Loss) 2021/22
Everton’s pre-tax loss decreased by £76m (63%) from £121m to £45m, mainly due to profit from player sales rising £55m from £13m to £68m. Revenue fell £12m (6%) from £193m to £181m, but this was offset by cost-cutting, which reduced operating expenses by £34m (11%). Net interest payable was slightly higher at £9m.
Everton’s revenue was boosted by the return of fans to the stadium, which led to a steep increase in match day, up from only £222k to £16m. This also helped drive £4m (8%) growth in commercial income to £50m.
However, revenue was down overall, because broadcasting fell £31m (21%) from £146m to £115m, as prior year included revenue deferred from the extended 2019/20 season.
