Sports Finance for Everton Football Club
Name
Institution
Course
Date
Abstract
The report intends to present a critical analysis of the financial performance and problems of Everton ...
Sports Finance for Everton Football Club
Name
Institution
Course
Date
Abstract
The report intends to present a critical analysis of the financial performance and problems of Everton Football Club since issues with liquidity ratios, increased debt, and creative accounting disguise a critical view of the club. Given internal and external pressures, it is highly questionable whether the club can fulfil its short-term and long-term obligations within a given period and maintain its stability and profitability. The key challenges are the continuing impact of the COVID-19 pandemic and the financial pressures associated with ongoing stadium developments in 2020. These call for a serious review of the financial policy options taken by the club. Second, there is a huge demand to increase revenues by raising fans' participation and adopting an efficient approach toward players' management. It also underlines the importance of transparency in financial reporting, which would be fundamentally necessary for regaining stakeholder trust and reinforcement of the financial credibility of the club. If Everton is to get back to financial health, it has to install sound financial management practices and become attuned to the change in the financial face of modern football like other clubs. These issues will be important in ensuring future on-field success and long-term viability. The analysis underlines the need for Everton to adapt to new financial realities and a new system if stability and competitiveness in the coming years are to be ensured. It also shows the financial stability and transparency of Everton club.
Keywords: Liquidity ratios, increased debt, finance, and asset.
Sports finance for Everton football club.
Introduction
The following report reviews Everton Football Club, focusing on performances on the pitch over the last financial years while highlighting some of the critical areas concerning finance. Everton Football Club is a vibrant Liverpool-based team that, for over 120 years, has graced the famous Goodison Park Stadium with its thrilling home games (Pye, 2024). In all the financial years under review, Everton was competing in England's Premier Division, one of the most competitive soccer leagues in the world, though with fluctuating performances across league positioning and finances.
Club structure
The Everton Football Club operates within a group structure with a range of subsidiary companies, including, but not limited to, the following: Everton Football Club Company Limited, which is the parent company in that group structure; Everton Stadium Limited, which deals with operations related to its stadium; and Everton in the Community, the club's charitable arm. This structure of the organization, therefore, provides for smoother functions in terms of football operations, commercial activities, and also community involvement, and in so doing, helps the club balance competitive ideals with social ones (Kennedy & Colli
Document Details
Word Count: | 2533 |
Page Count: | 12 |
Level: | AS and A Level |
Subject: | Other |