BREAKING: yet again, Everton breaks another Premier league FFP rules and this time the Premier league will hand them…..

Everton Football Club has reported significant financial losses for the 2022-23 season, amounting to £89.1 million, nearly doubling the deficit from the previous year. This alarming financial situation has escalated the club’s total losses over the past three seasons to an astonishing £255 million. The club had previously faced a six-point deduction, initially ten but reduced upon appeal, for breaching the Premier League’s financial rules. With the recent hearing on a second charge related to profit and sustainability rules (PSR) concluded last week, Everton awaits a verdict that could potentially lead to further sanctions.

The club’s financial report has raised concerns about Everton’s ability to continue operating, acknowledging a “material uncertainty” that casts significant doubt on its future. This latest financial setback undermines the club’s previous assertions of a positive long-term financial trajectory, which were presented during the first PSR hearing. As a result, Everton may find itself in a position where selling key players this summer becomes a necessity to stabilize its finances.

The club’s total debt has escalated to £330.6 million, not accounting for financial support packages from prospective owners 777 Partners, whose takeover is still pending Premier League approval. The financial strain has been exacerbated by a decline in revenue to £172 million and a significant reduction in sponsorship income, partly due to the suspension of deals with Russian firms amid geopolitical tensions. This includes severing ties with Russian oligarch Alisher Usmanov, who was involved in sponsorship deals including naming rights for Everton’s new stadium at Bramley Moore Dock. The construction of this stadium, set to open for the 2025-26 season, has been a major factor contributing to the club’s financial losses.

As Everton navigates these challenging financial waters, the club’s management and fans await the outcome of the recent PSR hearing, which could have significant implications for the club’s future both on and off the pitch.