Everton have published the Annual Report & Accounts for the 2023-24 season, recording a £14.7M increase in turnover to £186.9M, and posting a loss of £53.2M for the financial year.
The results for the period ending 30 June 2024 show a reduction in reported losses, down from £89.1M in 2022-23. Together with the 2012-22, when losses were £38.3M, this would put Everton’s total losses for the latest PSR calculation at £180.6M.
However, allowable losses must be subtracted from that number before it can be compared with the PSR threshold of £105M for the last 3 years. Back in January, the Premier League said it would not be charging any clubs for PSR breaches in the 3 years up to and including 2023-24 after all were deemed financially compliant following the submission of accounts before the end of December 2024.
The club’s total wage-to-turnover ratio has decreased from 92% in 2022-23 to 84% in 2023-24, while capital costs expended on the new Everton Stadium totalled £312.7M.