Everton desperately need good news

IF THERE is a club that seems to have the walls closing in on them it is surely Everton, who are not only fighting for their Premier League lives but continue to lose vast sums of money. On top of that, the club has been badly affected by the sanctions on Russian oligarch Alisher Usmanov and, consequently, has a gap in sponsorship income. 

There’s also continued lack of stability on the management front, with Carlo Ancelotti surprisingly leaving at the end of 2020-21 for Real Madrid, Rafa Benitez sacked after just a few months in charge and now former Chelsea manager Frank Lampard presiding over a run of poor results that have pushed Everton to the fringe of the relegation struggle.

Everton’s 2020-21’s financials show a third consecutive £ 100 million-plus pre-tax loss. Although revenues rose by 4% to a record £ 193.1 million, Everton lost £ 120.9 million, admittedly better than 2019-20’s £ 139.8 million and 2018-19’s £ 127.3 million, but still worryingly high. In four years, Everton have lost close to half a billion pounds, but investment made in infrastructure and academy football should help them keep below fair play and sustainability limits.

Everton’s wage bill has caught up with them and despite the big loss, players’ salaries increased by 11% to £ 182.6 million, representing 95% of earnings. In five years, the wage-to-income ratio has gone up from 61% to 95%, and Everton have little to show for their generosity. The club’s last major trophy was won in 1995, 27 years ago and the longest stretch in Everton’s history without a single piece of silverware.

Everton have been among the biggest spenders in the last five years, their gross outlay amounting to £ 483 million, making them the Premier League’s fifth biggest spender. In 2020-21, they had a net spend of £ 62 million, their biggest signings being Allan of Napoli (£ 21.7 million), Abdoulaye Doucouré (Watford £ 20 million) and Ben Godfrey (Norwich £ 20 million). Everton’s record in the market is questionable, witness the write-down of the book value of the squad and the increased provisions for burden-heavy contracts. The club also saw profits on player trading decline from £ 40.5 million to £ 14.8 million.

Despite making a strong start to 2020-21, Everton faded miserably and finished 10th, enduring a dreadful home record in the Premier League. The malaise has continued into 2021-22, the 4-0 thrashing at Crystal Palace in the FA Cup being the latest setback.

The 2020-21 season was characterised by an almost complete lack of fixtures involving spectators, hence Everton’s matchday revenues fell 98% to £ 0.2 million. Only three of the club’s Premier League home games were played before a crowd.  Fortunately, broadcasting bounced back by 49% to £ 146.4 million but the commercial stream was down by 38%. In response to Russia’s invasion of Ukraine, Everton have had to sever all connections with Usmanov’s companies USM, Megafon and Yota. This has cost the club some £ 20 million. The pandemic has been responsible for around £ 170 million of lost earnings although this figure could eventually head north of £ 200 million.

Everton’s net debt went up from £ 2.3 million to £ 58.2 million which was attributed to the investments made in the first team squad and the new stadium. The club has had to be buoyed by a £ 100 million share issue, providing new funds from the major shareholder and since the 2020-21 year-end, another £ 97 million was made available. The club has also secured a five-year facility with Right and Media (£ 90 million drawn), which includes a charge on club assets, and has also taken out a £ 30 million government-backed loan, repayable over three years.

The future revolves around the new Everton stadium at Bramley Moore Dock, but the situation in Ukraine means the original plan to name the ground after Usmanov has been shelved. The club insists its financial position is very secure thanks to stringent cost-cutting and the unwavering support of Farhad Moshiri, but they still has a very heavy cost base. All the more reason to ensure Premier League status is retained for 2022-23 – relegation would surely be a significant blow to their plans.

Everton, Leeds, Villa and Sunderland – all went close to winning football’s hallowed double

WHEN Arsenal won the double in 1970-71, it was the first time since Tottenham’s much heralded success of 1960-61. Everyone thought it was an astonishing achievement, yet it was only a decade after their North London rivals had swept up the major prizes. Prior to Bill Nicholson’s side winning

the double, you had to go back to 1896-97 (Aston Villa) and 1888-89 (Preston North End). It was popularly considered to be impossible to win both the premier prizes on offer.

Today we live in an age where the top sides want to win everything. But a leading club’s priorities don’t generally include the FA Cup – the Premier and Champions League qualification are the prizes that will be one and two on the “to do” list at the top clubs. The FA Cup and Football League Cup – wrongly – are consolation prizes. In the days when Tottenham and Arsenal earned their place in football folklore, success in Europe was a little bit of icing on the cake. The Football League and FA Cup, the everyday “bread and butter” competitions, were how managers and players were largely judged.

The creation of a group of “super clubs” has meant that winning a double is no longer out of the question. When you chase one prize, you go after two and when you position yourself nicely for two, you start to think about three or four. But you can aim for whatever you like and end up with nothing, as most clubs have found out.

Doubles started to become commonplace in the 1990s and early 2000s. The Double has been achieved 12 times, seven since Arsenal’s dramatic 1971 triumph: 1888-89: Preston North End; 1896-97: Aston Villa; 1960-61: Tottenham Hotspur; 1970-71: Arsenal; 1985-86: Liverpool; 1993-94: Manchester United; 1995-96: Manchester United; 1997-98: Arsenal; 1998-99: Manchester United; 2001-02: Arsenal; 2009-10: Chelsea; 2018-19: Manchester City.

Trbles of any kind are even rarer. The only time a domestic treble has been achieved was in 2018-19 when Manchester City were champions, FA Cup winners and Football League Cup winners. Manchester United pulled off the treble of League, Cup and Champions League in 1998-99. Liverpool have won two trebles, in 2000-01 (League Cup, FA Cup and UEFA Cup) and in 1983-84, the League, League Cup and European Cup.

There have been many near-misses, where a club has won one trophy and finished runners-up in another, or even finished runners-up in both.

1903-04: Manchester City – FA Cup Winners and Football League Runners-up
Newly-promoted City beat Bolton Wanderers 1-0 in the cup final thanks to a Billy Meredith goal. They finished three points behind The Wednesday in the league, despite being top in the final week.

1904-05: Newcastle United – Football League Champions and FA Cup Runners-up
Newcastle won the title by a single point, but went into Easter a point behind Everton and finished with a flourish. Two weeks before clinching the title, they lost the cup final 2-0 to Aston Villa, after beating them by the same scoreline in the league a week earlier.

1912-13: Sunderland – Football League Champions and FA Cup Runners-up/1912-13: Aston Villa – FA Cup Winners and Football League Runners-up
Sunderland Villa were neck-and-neck all season and shared the honours in 1913. Sunderland ended with a 10-game unbeaten run, including a 1-1 draw at Villa Park that all but won them the title. A few days earlier, Villa had won a rough house cup final 1-0 at Crystal Palace in front of 121,000 people.

1947-48: Manchester United – FA Cup Winners and Football League Runners-up
United finished seven points behind champions Arsenal in the league, but won the FA Cup, beating Blackpool in the final by 4-2 in an exciting 90 minutes. United beat six first division sides to win the competition, one of the toughest roads to Wembley.

1953-54: West Bromwich Albion – FA Cup Winners and Football League Runners-up
A goal three minutes from time from Frank Griffin gave Albion a 3-2 victory in the FA Cup final against Preston. In the league, they finished just three points behind Black Country rivals Wolves. Albion’s team, which included the likes of Ronnie Allen, started the season well and were unbeaten in nine games, but ended the campaign indifferently.

1956-57: Manchester United – Football League Champions and FA Cup Runners-up
The “Busby Babes”, who won the league title by eight points, scoring 103 goals, were denied the double by an Aston Villa side who finished mid-table. In the FA Cup final, United goalkeeper Ray Wood was injured and Jackie Blanchflower took over in goal. Villa went two-up through Peter McParland and United’s only response came late on from Tommy Taylor, one of the Babes who perished in Munich.

1959-60: Wolverhampton Wanderers – FA Cup Winners and Football League Runners-up
Wolves lost the league title they had won in the two previous seasons to Burnley by just a single point, scoring 106 goals. In the Cup Final y, Wolves crushed Blackburn Rovers 3-0 in a bad tempered game remembered for the loutish behaviour of the crowd, who showered Wolves in rubbish as they went off the field.

1971-72: Leeds United – FA Cup Winners and Football League Runners-up
These were the days when Leeds were challenging for everything. They won the FA Cup by beating old rivals Arsenal 1-0, Allan Clarke scoring the goal. Two days later, they travelled to Wolves in the final game of the campaign needing a point to clinch the double. They lost 2-1 and Derby won the title. “I’m as sick as a pig,” said centre-half Jackie Charlton.

1973-74: Liverpool – FA Cup Winners and Football League Runners-up
Liverpool were always second best to Leeds in the title race in 1973-74 and finished five points off of top spot. But they easily won the FA Cup when they crushed Newcastle 3-0, two goals coming from Kevin Keegan and one from Steve Heighway. It proved to be Bill Shankly’s final triumph with Liverpool.

1976-77: Liverpool – Football League Champions and FA Cup Runners-up
“Pack up your trebles” said the banner at Wembley as Liverpool tried to add the FA Cup to their league title win. Champions by a point from Manchester City, the Reds lost 2-1 to Manchester United, but a few days later, won the European Cup. No treble, but not a bad season!

1984-85: Everton – Football League Champions and FA Cup Runners-up
Howard Kendall’s young team emphatically won the title by a 13-point margin over Mersey rivals Liverpool. They were unlucky in the FA Cup, losing to 10-man Manchester United by an extra-time goal. Everton also won the European Cup Winners-Cup.

1987-88: Liverpool – Football League Champions and FA Cup Runners-up
This was the Liverpool team of Barnes-Aldridge-Beardsley, playing some of the best football of modern times. They lost just twice in the league and won the title by a nine point margin over Manchester United. The Cup Final produced one of the greatest shocks of all time, Wimbledon’s “Crazy Gang” winning 1-0 with goalkeeper Dave Beasant saving a penalty from Aldridge.

1988-89: Liverpool – FA Cup Winners and Football League Runners-up
Another great story unfolded at the end of the 1988-89 season. Liverpool won the FA Cup in an emotional Merseyside final, beating Everton 3-2. They were seconds away from winning the double when Arsenal scored right at the death through Michael Thomas to win 2-0 at Anfield and take the title back to London. It was one of those nights when you cheered, regardless of your allegiance (Tottenham fans excluded).

2002-03: Arsenal – FA Cup Winners and Premier Runners-up
Arsenal were five points off retaining their title, coming in second to Manchester United. In the FA Cup, they beat Southampton 1-0 in Cardiff, goalscorer Robert Pires.

2004-05: Arsenal – FA Cup Winners and Premier Runners-up
Arsenal won a dire FA Cup final on penalties against Manchester United. They were left trailing behind by 12 points in the Premier, Chelsea taking over from the “Invincibles”.

2006-07: Manchester United – Premier Champions and FA Cup Runners-up/2006-07: Chelsea – FA Cup Winners and Premier Runners-up
Chelsea lost the crown they had worn for the past two seasons to United, who finished six points ahead of Jose Mourinho’s team. But Chelsea won the first FA Cup final at the new Wembley in a lack lustre contest, Didier Drogba scoring the only goal in extra time to beat United.

2016-17: Chelsea – Premier Champions and FA Cup Runners-up
Chelsea were denied the double by Arsenal in the FA Cup final, Wenger winning his last trophy as manager of the Gunners. In the League, Antonio Conte won the title in his first season as manager of Chelsea.

Runners-up in both competitions
1927-28: Huddersfield Town – Runners-up in both Football League and FA Cup
1931-32: Arsenal – Runners-up in both Football League and FA Cup
1938-39: Wolverhampton Wanderers – Runners-up in both Football League and FA Cup
1961-62: Burnley – Runners-up in both Football League and FA Cup
1964-65: Leeds United – Runners-up in both Football League and FA Cup
1969-70: Leeds United – Runners-up in both Football League and FA Cup
1985-86: Everton – Runners-up in both Football League and FA Cup
1994-95: Manchester United – Runners-up in both Premier and FA Cup
2000-01: Arsenal – Runners-up in both Premier and FA Cup
2012-13: Manchester City – Runners-up in both Football League and FA Cup
2017-18: Manchester United – Runners-up in both Football League and FA Cup.

Photo: PA