Revenue up to a record £126.6m for Everton

EVERTON Football Club is celebrating record revenue in the 2014/15 financial year with turnover up to £126.6m (2013/14: £120.5m), but profits before player trading are down to £16m, compared to £23.7m the previous year.

At the bottom line, the Goodison Park club swung from a £28m profit in 2014 to a £4m loss, after investment in its squad. Net debt increased by £3.2m to £31.3m.

Income was up despite a fall in broadcast income from £84.8m in 2013/14 to £81.7m this year.

The club’s 11th place finish in the Premier League, compared to fifth in the previous season, partially offset by an increase in live TV selections – 17 compared to 16 in 2013/14 – resulted in a £3.1m reduction in broadcast revenue.

Everton said the long term support of key partners Chang and Kitbag and a new kit partner deal with Umbro were largely responsible for the its sponsorship, advertising and merchandising income rising from £8.4m to £10.4m while participation in the Europa League also contributed to an increase in income from other commercial activities from £10.5m to £15.6m.

Average league attendance at Goodison rose to 38,406, the highest recorded total since the 2003/04 season, with almost 28,000 season ticket holders – 4,000 more than in 2013/14.

Gate receipts grew by £1.1m to £17.9m, with 12 of 19 Premier League games sold out and additional home matches due to the club’s progression to the round of 16 in the Europa League.

The overall increase in turnover helped to sustain continued investment in the playing squad.
 
In Roberto Martinez’s second season as Everton manager, the Club record signing Romelu Lukaku joined Gareth Barry, Mo Besic, Brendan Galloway and loanees Christian Atsu and Aaron Lennon in a strengthened Toffees squad. The Club also agreed a new deal with the manager to the end of the 2018/19 season.

Everton chairman Bill Kenwright said: “There is no more hard-working a manager in the land than the manager we have, no manager more determined to bring success to his football club. Roberto’s mentality is resolute and relentless. This is what makes him such a remarkable man and a man I believe will definitely take the club forward.”

Chief executive Robert Elstone added: “Beyond the Premier League table, probably the most significant barometer of success is attendances and 2014/15 broke all recent records with our highest season ticket total for at least 10 years, the lowest season ticket non-renewal rate, 12 full houses and an average attendance in excess of 38,000 for the first time since 2004.

“As reported year-in, year-out, our revenues continue to be spent on sustaining a great Academy, the best possible coaching, scouting, performance and medical teams and, of course, a first-team squad that can compete for a place in Europe. That strategy remains central to everything we do.”

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