- The club achieved a record-breaking total revenue of £196.7m last season.
- Debt slashed: The Friedkin Group has more than halved Everton’s gross debt.
- The move to the Hill Dickinson Stadium is set to boost annual revenue by £50m
The Friedkin takeover: A new Everton era
The 2024/25 season was an important time of change at Everton. The club said goodbye to its historic home, Goodison Park and its previous owner, Farhad Moshiri. The tumultuous tenure of the latter was ended by The Friedkin Group (TFG), which acquired Moshiri’s 94.1% stake in December 2024 (subsequently increasing their holding to 99.5%).
Nearly 18 months on from the takeover, and with the club recently releasing its accounts, how are Everton faring under TFG off the pitch?
Everton financial results: Profit, loss, and asset sales
The club’s latest accounts show a significantly reduced pre-tax loss of £8.6m. This was a marked improvement from the £53.2m loss the previous year. However, it’s worth noting that £49m in profit made on the sale of a couple of investments to another group company, namely the women’s team and Goodison Park Stadium Limited, heavily improved this figure.
Key financial indicators:
- Total revenue: Reached a record £196.7m.
- Commercial income: Rose 22% to £47.2m via new partnerships like Red Bull
- Operating performance: The Club recorded an operating profit (pre player trading) of £28.3M, compared to a £28.1m loss in the previous year.
PSR compliance and squad costs
Everton have worked hard to restructure the club to comply with Profitability and Sustainability Rules (PSR). Last year, the wage bill fell to £152.1m—the lowest in seven years. Additionally, the club slashed player amortisation by 21%.
This good work, combined with the financial security provided by TFG has enabled a more expansive transfer policy. Everton have signed nine players at a net cost of £97m (based on initial fees). After years of tight spending, this figure is more than they have spent over the previous seven seasons combined (£71m), with players like Kiernan Dewsbury-Hall, Thierno Barry and Merlin Röhl joining the club.
Debt restructuring: The “financial reset”
One of the most important impacts of the Friedkins’ arrival has been upon the debt position of the club. Not too long ago, the club’s auditors said that there was a “material uncertainty” over Everton’s future financing. Gross financial debt of more than £1.0 bln played a significant role in this.
Through restructuring and better credit facilities, TFG have more than halved this debt to £469m, financially resetting the club.
Despite this, Everton’s debt remains the fourth-highest in the Premier League. Only Chelsea, Spurs and Manchester United carry more debt than Everton
Hill Dickinson: The revenue game changer
The move to the new 52,888-capacity stadium is the cornerstone of Everton’s future growth. The club projects a £50m annual revenue increase, supported by:
- Naming rights: A £10m-a-year deal with Hill Dickinson.
- Matchday income: The club expects this to double due to increased capacity, more corporate seating and greater in-house provision of ‘pies and pints’.
- Non-football events: Future hosting of international football, NFL, concerts and international rugby.
The future
By stabilising the balance sheet and moving into a world-class venue, it feels as though TFG are putting distance between Everton and the bleak days of the Moshiri era. While work remains to be done, Evertonians can finally begin to look to the future (off the pitch at least) with a rare sense of optimism.
