Forbes value Everton at over £800m

Michael Kenrick 12/09/2022 12comments  |  Jump to last

Forbes value Everton at $940M (~£820M) in their latest assessment of The Business of Soccer.

This represents an increase of 43% on their last valuation 2 years ago, and is based on revenue of $259M (~£225M) with an operating loss of -$20M.

Everton rank 16th in the world on this basis (slipping one place from 15th last year) and are still the 7th highest-valued club in the Premier League, just outside of the usual Top 6, despite their recent problems, and ahead of Leicester City, West Ham Utd, Lees Utd, and Aston Villa, who round out the Top 20 clubs. 

Methodology

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The revenues and operating income listed are for the 2020-21 season, converted to US dollars based on average exchange rates during that season. Proceeds from lending players to other teams were excluded from revenue. Team values are enterprise values (equity plus net debt) and include the economics of the team's stadium but exclude the value of the real estate. Operating income is earnings before interest, taxes, depreciation and amortization, player trading and disposal of player registrations. Debt is interest-bearing borrowings (including stadium debt).  

For comparison, Chelsea, who were recently sold to Todd Boehly for £2.5 Billion (~$3.2  Billion), are valued by Forbes at $3.1 Billion, and sit 8th in the Forbes list.

 

Reader Comments (12)

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Michael Kenrick
1 Posted 12/09/2022 at 17:00:38
Interesting Everton valuation... and considerably more than was mooted when the Yanks were shaking down Moshiri. Perhaps he was right not to sell?

Goodison News are doing their best to downgrade this, rolling out Dr Daniel Plumley (Who He?) to say the £300M figure is "more than £750million at a rough conversion"... errr, what?

I hope someone can explain this better than me or him!

Steavey Buckley
2 Posted 12/09/2022 at 17:19:20
What value will Everton have once the new stadium is completed?
Paul Hewitt
3 Posted 12/09/2022 at 17:21:32
It's only worth what someone is willing to pay.
Will Mabon
4 Posted 12/09/2022 at 17:35:08
Steavey, this valuation excludes real estate value, so it would increase related to the net extra revenue and profit generated by the new stadium over time.

Of course, in real terms, the stadium counts as an asset but it takes a long time to pay for and has a relatively narrow use. Its value is efficiency.

Steavey Buckley
5 Posted 12/09/2022 at 17:49:48
Will, but, surely, a new stadium would be viewed as giving Everton a much better profile and more value than the present one with Goodison as the stadium?
Mike Gaynes
6 Posted 12/09/2022 at 17:53:07
Safe to say this is one investment that Mr Moshiri will not be divesting.
Will Mabon
7 Posted 12/09/2022 at 18:11:38
Steavey, it will (assuming no ridiculous costs of operation and maintenance etc... or financing costs). All monetized benefits brought by the new stadium over and above Goodison would add to the club's value, eg, extra capacity.

I was just saying that the pure construction cost or potential sale value of the stadium itself wouldn't add to this Forbes valuation.

Dermot O'Brien
8 Posted 13/09/2022 at 12:26:36
In your face, Peter Kenyon!!!!!!!!!!
Mark Ryan
9 Posted 13/09/2022 at 13:26:59
Does that valuation include the Arteta money?
John Pickles
10 Posted 13/09/2022 at 15:17:08
And you get a free Bill Kenwright with every purchase.
Will Mabon
11 Posted 13/09/2022 at 15:30:02
John, some would put that in the liabilities column.
Alex Bennett
12 Posted 14/09/2022 at 17:42:58
Mark,

I've heard we are just waiting for Bill to cash the postal order Arsenal gave us. he keeps forgetting to take it with him when he goes to town.

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