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

Everton announce record turnover


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.


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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