Everton returned a loss for the fifth successive year with the £44.7million deficit reported for the 2021-22 season taking their cumulative losses to more than £430million over the period.
The long-awaited publication of the club's accounts on Friday revealed the club had succeeded in making significant reductions to their losses, down £76.2m from £120.9m the previous year, and wages-to-turnover ratio.
A large chunk of that was down to income brought in from player trading, with the £60m sale of Richarlison to Tottenham making a huge difference to the look of the accounts.