Everton face the risk of further sanctions after the club’s latest accounts for 2022-23 showed a huge loss of £89.1 million, which is almost double from the previous year.
Premier League clubs are allowed to lose up to £105m over the three-year period, and the Toffees’ latest figures show they incurred a staggering £255m loss.
The Merseyside outfit were docked ten points for breaching the English league’s Profit and Sustainability Rules (PSR) earlier this season, but that was later reduced to six on appeal.
They now face further sanctions after being charged with another PSR breach.
The hearing for the second charge was heard last week and they are set to find out the verdict by April 8.
The club have cited mitigating factors for the losses, including the indefinite suspension of sponsorship deals with key commercial partners.
Their current financial situation means they could be forced to sell at least one key player this summer.
Everton are battling for survival in the Premier League this season. They are currently 16th in the table, just three points above the drop zone.
They lost 2-1 to Bournemouth at the Vitality Stadium after Seamus Coleman’s stoppage-time own goal on Saturday.
Sean Dyche’s side are now winless in their last 12 top-flight matches.
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