Here are your Everton evening headlines for Tuesday, March 29.
Everton confirm major loss as latest club accounts published
Everton recorded a loss of just under £121m for the 2020/21 season, the club has revealed.
Its latest set of accounts laid bare the devastating impact of Coronavirus during a campaign in which Goodison Park hosted fans just four times. A “significant contraction” in the transfer market was also blamed for the figures.
A record turnover was posted against the backdrop of the pandemic, however. And club bosses today sought to reassure supporters that Everton remains “in a secure financial position”.
The brutal cost of Covid-19 was detailed as Everton published its annual accounts on Tuesday evening. Describing the pandemic as having a “dramatic and ongoing financial impact”, the club attributed £103m of losses in the 12 months to June 30, 2021 to the global health crisis.
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The season covered by the accounts, which show an overall loss of £120.9m, was largely played behind closed doors, with the Blues hosting supporters at Goodison Park for only three Premier League fixtures and the Carabao Cup quarter-final defeat to Manchester United. Just £200,000 in gate receipts was generated by those games, Everton said.
It also cited the impact of “strict Covid-19 playing protocomls and a significant contraction in the transfer market which resulted in the inability to generate the level of transfer fees which could reasonably have been expected pre-pandemic”.
Squad investment was another factor, the club added. Carlo Ancelotti’s summer 2020 signings - including Abdoulaye Doucoure, Allan and James Rodriguez - are among those to feature within the 12 months the accounts cover.
The new figures come off the back of record club losses of £139.9m posted in the 2019/20 accounts. A £67m loss was attributed to Covid-19 in that financial overview.
READ THE FULL STORY HERE .
Everton new stadium 'coming to life'
The Project Engineer of Everton’s new stadium has hailed the “huge milestone” of the installation of the fourth corner of the Blues’ future home at Bramley-Moore Dock. The scale of Everton’s new stadium is now there for all to see following the installation of the fourth core, representing the four corners of the stadium.
The first precast concrete wall has been lowered into place in the south east corner of the site, offering a tantalising glimpse of the sheer size of the iconic waterfront build.
The above-ground construction is now well underway on all four edges, with the Laing O’Rourke team delighted at the progress being made. Laing O’Rourke Project Engineer, David Jackson said: “This is a huge milestone for us. There are four main cores in the stadium , and we started in the north stand and then in the south west corner and now, finally, the south east corner of the building, which is the final stage of getting up and out of the ground.”
The pre-cast elements of the concrete core are all manufactured off-site by Laing O’Rourke at its Centre of Excellence for Modern Construction (CEMC) in Nottinghamshire. Manufacturing in this way removes potential quality and safety issues by taking the process into a more controlled environment, minimising waste which has sustainability benefits.
READ THE FULL STORY HERE .
