By Jonathan Davies
After an impressive first season on-the-pitch with Roberto Martinez as manager, Everton Football Club has now reported record profits for the 2013/14 season.
Everton achieved profits of £28.2m last season, its highest ever figure. The club was largely boosted by increased revenues from its highest ever Premier League points tally and European qualification.
The Goodison Park club saw turnover increase by 39% from £86.4m to £120.5m as a result of their impressive exploits under Roberto Martinez.
Last season was the first of a new, significantly larger TV broadcasting rights deal. And Everton's battle for fourth place resulted in an increase of live televised matches. The club earned £88.5m from broadcast revenue alone in 2013/14, more than its total turnover of £86.4m in the 2012/13 season.
But Everton's record profit wasn't just down to TV money, it also enjoyed its own commercial success. Average attendance for home fixtures was up which resulted in a £1.9m increase in matchday revenue. And sponsorship deals brought in an extra £800,000 compared with the previous season.
Everton Chairman Bill Kenwright said: “It was a special season that blended the optimism of youth, a much talked-about, bold new style, individual brilliance and an enduring team spirit that runs through every Everton squad.
“A season that brought a Club record Premier League points haul - a total that in almost any other year, would have sealed Champions’ League football. It was a season that, quite simply, we didn’t want to end.”
Staff costs were up by 10% to £69.3m, but the increased turnover means Everton's wage bill is the equivalent to 53% of its turnover, down from 73%.
Everton also made a net profit on transfers with the sale of Marouane Fellaini to Manchester United bringing in a reported £27.5 million.
Chief Executive Robert Elstone said: “The strong results for 2013/14 are a reflection of the drive, commitment and hard work of all staff at the Club. Teamwork and clear priorities will always be fundamental to our success.
“And, at the most senior level in our Club, the passion and talent of our outstanding Manager fits seamlessly with the vision and dedication of our Chairman. These combined efforts, shaped by a clear strategy, will continue to be targeted exclusively on ensuring the success of the Everton first team.
“Our financial results highlight growing revenues, costs remaining under control and debt reducing, and when we combine that solid financial base with a playing squad that continues to improve and increase in value, we have every right to be confident and positive on future prospects.”
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