Everton are now getting back on the right track under The Friedkin Group, but their past has emerged.
It’s looking positive with how The Friedkins are managing the club, as the owners are making all the right moves.
The Bramley Moore-Dock has been a big tick from the ownership, as Everton’s stadium is a big financial boost to the club.
Adding to this, the Friedkins financed the stadium in a £350m deal, which is something that Farhad Moshiri could only dream of doing.
Everton fans won’t like to bring up Moshiri, but the 2023/24 accounts have been released, which isn’t a good look on the old ownership’s behalf.
Photo by Visionhaus/Getty Images
Photo by Visionhaus/Getty Images
How much Everton lost over the 2023/24 season
The Toffees have had troubling times in recent seasons, and that mostly stems from how Moshiri ran the club.
There is a clear difference in the ownership with how they approach scenarios, as Dan Friedkin attends meetings for Everton, which is something Moshiri never did.
What Moshiri did do was cost Everton a lot of money, and that has been proven by the recent financial accounts for the 2023/24 season.
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Although the owners left it late, with it being due today, Everton’s media have released the full accounts for that season, and it doesn’t reflect well on Moshiri in the slightest.
The club reported losses of £53.2m for the 12 months up to July 2024, which is an improvement on what was a loss of £89.1m but still shows the financial troubles they’ve gone through.
Hopefully, when the next report is released, it will show how well the Friedkins are running the club, but time will tell.
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The Friedkins are getting Everton back on track financially
With this being last season’s accounts, there are no signs that Everton will be affected for the upcoming transfer window.
The Friedkins will still need to be sensible, but Moyes saved the transfer budget in January, indicating that the owners will have the money to spend.
As mentioned before, the stadium coming in will be a big financial plus for the owners as the move is looking like an excellent choice.
Adding to all these factors, The Friedkins have targeted the US market, and that was shown with Everton entering the Premier League summer series.
The plan is simple for the owners, get Everton back on track, and by next year, the hope will be that the club is financially sound.