Everton FC : Financial Result

A top five Premier League finish and a double appearance at Wembley
Stadium in season 2008/09 all contributed to positive financial results
for the year ended May 31 2009.

The Everton Football Club Company has posted its year-end results
with a 5.3% increase in turnover, mainly as a result of broadcasting
income and gate receipts.

Revenue generated from the sale of match tickets and corporate
hospitality rose to £21.9 million whilst the cash received from
television was up £2 million to £48.6 million, reflecting a record
number of 17 live televised Premier League games involving Everton.

Turnover overall increased £4 million to £79.7 million, which is a
new Company record. However, this was offset somewhat by the increase in
the wage bill to £49.1 million – a rise from 59% to 62% as a proportion
of turnover.

As a result of the increased turnover, and further investment in the
playing squad, the Company posted an operating profit excluding player
trading of £6.3 million. The inclusion of the amortisation of players’
registrations of £13 million gave rise to an overall operating loss of
£6.7 million.

Chairman Bill Kenwright said in his statement to shareholders: “Our
wonderful FA Cup run quite possibly deflected attention from what was
another hugely-satisfying Premier League campaign.

“To again finish fifth in what remains Europe’s toughest and most
unforgiving league was a magnificent achievement – one which guaranteed
another European campaign which continued the steady progress which has
hall-marked David Moyes’ tenure as manager.

“Maintaining our progress, continuing to punch above our weight if
you like, will be very difficult but I stand by my assertion that we
have a manager who will go down as one of our all time greats and a
squad of players that is amongst our very best over the last two
decades.

“As has always been the case, David was fully supported by myself and
by my fellow Board members. He remains the single, most important
figure at the Club and we all strive – on a daily basis – to provide him
with the tools he believes are necessary if we are to continue to
evolve and develop into a genuine, meaningful force within both English
and European football.”

sumber : http://www.evertonfc.com/news/archive/financial-results-announced.html

Tuesday 1 December 2009, 08:00