YouGottaRaulWithIt
Just doesn't shut up
- Joined
- Feb 24, 2020
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Of course, the fact that they were running big debts before covid, paying over the odds for crap players that had little resale value had nothing to do with it.Yeah I think the covid part is whats caused the problem, basically they racked up huge debts and their wage bill is astronomical, above £200million way above turnover of £181million. If you look at their most recent set of accounts they have tried to claim covid cost them £90million over 3 years.
Most clubs seem to have referenced covid as being a factor in accounts but mainly because it meant broadcast money was deferred to a different accounting year. Everton are potentially one of the few if only to say it had a tangible loss in other areas of the business, which may be where the PL are dubious.
They have also tried to claim in their accounts that the pandemic meant they lost money because the market value of players decreased, and they were unable to sell some players whose contracts then expired