The catastrophic state of Everton’s finances is underlined by an outstanding loan of £150million, immediate repayment of which can be triggered by relegation.
If Everton fall out of England’s top division, administration could loom as well as a punishment if they are found to have breached the Premier League’s Profitability and Sustainability Rules (PSR).
The loan, extended from £100m to £150m by the club’s owner Farhad Moshiri last season, is repayable in 2027. But relegation would lead to a potential immediate demand for the money, as revealed in Everton’s 2021-22 financial accounts published on Friday.