I don’t understand how, after all these years of trying to sort it out, we are still making losses. Despite selling Richie for 60m as well.
I will help you understand my friend
If we look at the season that we are being charged for breaching ffp i.e the 20/21 season Everton are only allowed to make a loss of 105 mil over 3 years
So taking into account the 18/19, 19/20 and 20/21 season Everton’s losses over those 3 years amount to 373 mil
our losses in this 3 year period is 268 mil over the limit
Now the media will make you think this is because Everton are naughty little boys who have been spending money beyond their means. So let’s take a look at Everton’s net profit in those 3 seasons
So in 18/19 our net spend was -71 mil
In 19/20 our net spend was -33 mil
In 20/21 our net spend was -69 mil
Overall net spend on transfers =173 mil
So we had a net spend of 173 mil on players. So this basically means they if we signed no players between 18/19 - 20/21 the club would have still made a loss of 95 mil
The conclusion is that Everton could have spent no money on players during that 3 year period and still made a loss of almost 100 mil
How crazy is that
Shows how badly run the club is when you can literally spend no money on players and still make a loss of over 30 mil a year.
So why is the club operating so badly that they are making these kind of losses? First terrible revenue streams hence moving to a new stadium and terrible sponsorship deals compared to the big 6. Also high wages on crap players and nobody wanting to buy said crap players for decent money meaning very low income from players sales.
however