Everton back in black

Last updated : 10 October 2003 By Austin Rathe
Nope, were not talking about Australian rock bands here, we are talking about finance, that bad word that football clubs tend to pretend doesn't exist.

Well, it looks like Everton are doing OK. According to the annual results, due to be released to the Club's AGM later this month, Everton are operating at a profit, a small but welcome one.

It basically breaks down like this. In the perod between May 2002 and May 2003, everton made a profit of £5.6m. Now, you this excludes the monty 'lost' through transfer fees, but that is only because accountants class transfer fees as expenditure, whereas football clubs and fans count it as investment, so it's best ignored in this context.

Everton's turnover (the total amount of money that came into the club) was £46.8m, up from £38.2m last year. This was mainly due to an increas in TV revenue and gate recipts (see, all those extra games attended do make a difference!)

This is basically the bonus for sucess. We made more money because more people came to see a winning team, which is good. So well done to the fans, lets try and keep it up.