Everton Finances 2022/23

Darkest Hour

These are worrying times for Everton fans, as their very own “annus horribilis” rolls on.

The club has faced a perfect storm of issues this season, including large financial losses, an ever increasing debt burden, a challenging stadium build, a tortuous sale of the club and two separate points deductions for breaching the Premier League’s Profitability and Sustainability Regulations (PSR).

Given all of the issues off the pitch, Sean Dyche has done well to guide them to safety, finally overcoming the threat of relegation that has been hanging over the club.

Administration

The latest hurdle confronting Everton is the possibility of administration, which would be only the second time that this had happened to a Premier League club after Portsmouth back in 2010. Given the riches available in England’s top flight, it takes a lot to get to such a stage.

Of course, this outcome is by no means inevitable, e.g. it is possible that Everton could cover any shortfall with player sales. Indeed, Director of Football, Kevin Thelwell, recently admitted that “players will be sold” in order “to protect the long-term stability of the club”.

However, this still might not be enough to cover the club’s losses and fund the stadium investment, so administration cannot be completely ruled out.