Everton are losing an estimated £1m a week despite the significant financial changes made since The Friedkin Group took control, according to football finance analyst Paul Quinn.
Quinn, better known as The Esk, has also suggested Everton’s equity could currently be worth no more than £250m. His assessment comes with TFG exploring new investment options, including the potential sale of a controlling interest.
Everton finances remain under scrutiny
As reported by Yahoo Sports, Quinn estimates that Everton remain a loss-making business to the tune of around £1m each week. He believes the club’s debt levels also need to be considered when assessing its value.
That provides some context to Everton’s summer business. The £65m sale of Iliman Ndiaye to Manchester City brought in a substantial fee, but player sales alone cannot resolve an underlying business which continues to lose money.
There is also a footballing balance to strike. Reducing wages and spending would help control costs, but David Moyes is already working with a squad short of numbers and options, particularly at centre-forward. Cutting further risks making Everton less competitive at precisely the point when expectations are beginning to rise.
The Hill Dickinson should provide opportunities to increase matchday and commercial revenue, although Quinn’s previous analysis argued that the stadium also brings high additional costs.
Meanwhile, Everton confirmed earlier this month that TFG is considering new investment and potentially relinquishing control, but will only entertain parties it believes can take the club forward.
Finding the money to do that while making Everton financially sustainable remains the difficult equation.
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