Everton post record losses of £112million but are set to avoid any Premier League sanctions – The Sun

EVERTON have posted record losses of nearly £112m for the 2018-19 financial year.

But the Toffees are not currently facing any Premier League sanctions as they are STILL meeting financial targets.

The Goodison outfit confirmed a loss for the year to June of £111,815,000 – coming after losses of £13.07m in 2017-18.

Prem rules allow clubs to lose an average of £35m per season over three years and meet the profit and sustainability requirements.

With Everton having posted a surplus of £30.6m in 2017, they are comfortably inside that global aggregate of a £105m loss for now.

That appears at first glance to only allow a loss of under £11m for this season, despite expectations that new boss Carlo Ancelotti is seeking a significant overhaul of the squad over the next two transfer windows.

But Prem chiefs will also take into account the club’s significant expenditure on Goodison Park, their Finch Farm training headquarters and money that has gone into the planned new stadium at Bramley-Moore Dock.

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