Premier League club Everton announces $112M losses

Premier League club Everton has reported losses of 89.1 million pounds ($112.5 million) in its latest accounts. Its losses for the 2022-23 season went up from 44.7 million pounds in the previous campaign. The Merseyside club was docked six points earlier this season for breaching the Premier League’s financial rules and is waiting to learn if it will face more punishment for further breaches. In a statement Everton pointed to the “indefinite suspension of key commercial partnerships” as a factor in the accounts.