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Page last updated at 18:25 GMT, Wednesday, 17 December 2008

Everton announce record turnover

Everton

Everton have revealed a record turnover of 75.7m and a slight pre-tax profit in their latest financial results.

Revenue for the financial year ending 31 May 2008 increased by 47% compared to the previous 12-month period.

A profit of 6.8m compares to a loss of 500,000 the year before, but transfers reduced pre-tax profits to 260,000, although last year 9.4m was lost.

"We have benefited from what I'd call sensible, careful fiscal management," chairman Bill Kenwright said.

606: DEBATE

The chairman has been criticised for not providing sufficient funds for manager David Moyes but said: "It was a period which was, in pure financial terms, hugely challenging."

He insisted that money had been spent, adding: "Our determination to ensure that our first-team squad is constantly upgraded has had an effect on the club's balance sheet."

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see also
Everton's Yakubu out for season
30 Nov 08 |  Everton
Saha finalises Everton transfer
01 Sep 08 |  Everton
Tottenham 0-1 Everton
30 Nov 08 |  Premier League
Premier League as it happened
30 Nov 08 |  Premier League


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