Source: Liverpool_Echo
Cup runs ensure Everton FC bank another record year
Everton FC: Cup runs ensure Blues bank another record yearEVERTON today announced new record financial results boosted by two Wembley appearances and another top five finish in 2008/09.The club's financial results for the year ended on May 31 reveal a 5.3% increase in turnover, influenced by TV income and gate receipts.Revenue generated from the sale of match tickets and corporate hospitality rose to £21.9m, with the cash received from TV up by £2m to £48.6 million thanks to a record number of 17 live televised Premier League games.Turnover overall increased £4m to £79.7, which is a new club record. The wage bill was also increased to £49.1m in the financial year.It all means the club's operating profit, excluding player trading, was £6.3 million. However, the inclusion of the amortisation of players' registrations of £13 million gave rise to an overall operating loss of £6.7 million.In a statement to shareholders, chairman Bill Kenwright said: 'Our wonderful FA Cup run quite possibly deflected attention from what was another hugely-satisfying Premier League campaign.'To again finish fifth in what remains Europe's toughest and most unforgiving league was a magnificent achievement - one which guaranteed another European campaign which continued the steady progress which has hall-marked David Moyes' tenure as manager.