Things are looking very, very bleak for Everton financially - completely aside from the PRS deductions.
Full article -
Closing Summary:
https://theesk.org/2024/04/11/the-inescapable-reality-for-evertons-directors/
The role of Everton’s directors
I’ve talked endlessly about the role of Everton’s directors for many years. Never has the need for them to act responsibly been greater than it is now. Such is our plight that their legal duties must overcome any other interests or beliefs they may have.
Their recklessness in managing the running of a football club has been laid bare in the Commission hearings (regardless of how one feels about the Premier League, PSR, the Commission’s decisions etc, this is irrefutable). Their inability to secure long term, sustainable funding for the stadium incomprehensible.
The decision of Moshiri to agree the sale of his majority stake to 777 Partners and his unwillingness to seek alternatives is beyond comprehension.
He and they’ve got us to this point. A point in which realistically, despite there having been alternatives, the only realistic outcome is insolvency. Whilst I’ve stated previously (and stick by) the belief that the acquisition by 777 Partners was the worst of all outcomes, the second worst, administration is seemingly inescapable.
I don’t believe the directors can ignore this most likely outcome any longer.
It is the most desperate of times.