By Sean Fisher

23rd Jul, 2023 | 4:07pm

Revealed: Everton set to lose £45m in shattering blow

Everton are expected to announce losses of around £45million in their 2022/23 accounts, Football Insider can reveal.

The Toffees survived relegation on the final day of the Premier League calendar, but retaining their top-flight status came at a big cost.

Everton have posted losses of £372million in the past three years, including a £44.7million loss in their latest 2021/22 accounts.

That figure exceeds the £105million limit set by the Premier League regulations, but the Merseyside team were granted exceptions due to the impact of Covid-19.

Everton’s commercial revenue is set to take at least a £12million hit after cutting ties with Alisher Usmanov’s USM Holdings, who signed a five-year sponsorship deal with the club.

The Blues also paid out significant fees to Frank Lampard and Sean Dyche throughout the season.

Lampard was sacked in January after being in charge of the side for less than a year.

He had 18 months remaining on his contract, which was worth an estimated £65,000 per week.

His sacking is estimated to have cost Everton around £13million, while Dyche will have pocketed a large bonus fee for achieving survival.

Everton’s accounts will be boosted by the £45million sale of Anthony Gordon to Newcastle United, but the Toffees still posted a £44million loss after the £60million sale of Richarlison in 2021/22.

Everton also heavily invested in the likes of Amadou Onana, Dwight McNeil, Neal Maupay, James Garner and Idrissa Gana Gueye.

Costs of stadium construction will not feature in Everton’s accounts, although the impact on overall cash flow will limit their transfer budget this summer.

Overall, Football Insider analysis expects Everton to report a near-identical loss of £45million when accounts are released next year.

That would take Everton’s overall losses to a staggering £417million over the past four years.

In other news, Everton close in on second multi-million signing after agreeing Danjuma deal