Financial Results Announced

Everton announce financial results for year ending May 2009.

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.”