Everton’s financial losses were reduced following The Friedkin Group’s arrival.
Figures for the period ending in the 2024/25 season, which incorporated the American owners’ first six months at the club, showed a £8.6 million deficit.
That figure marked a significant reduction on the £53.2M shortfall in the previous 12 months in accounts released by the Blues on Tuesday.
The sale of Everton Women within TFG’s empire for £49.2M is credited with improving the financial picture ahead of the move to Hill Dickinson Stadium.
It has also been revealed that TFG repaid off some existing lenders and refinanced other debts with JP Morgan Chase underwriting the new stadium.
A £350M package which will run for 30 years was brokered by Dan Friedkin while Goodison Park’s final season saw a club-record turnover of £196.7M.
The wage-to-revenue turnover ratio was also reduced considerably from 81% to 74% in this period ahead of the move to their impressive current home.
Everton CEO Angus Kinnear said: “Over the course of the financial year, and particularly following the change in ownership, the club made significant progress in stabilising the financial position and creating a platform for long-term growth.
“The delivery of Hill Dickinson Stadium has been central to that progress. It represents a transformational opportunity for the club, our supporters and the wider city, and will play a key role in driving future revenues.
“Growing our revenues is essential if we are to support our ambitions on the pitch and compete consistently at the highest level.
“While these results show improvement, we know there is more work to do. With a strengthened financial foundation, committed ownership and a clear strategic direction, we are focused on continuing to grow sustainably and building a competitive future for Everton Football Club.”