Everton may be set for a bright financial future under Dan Friedkin’s control, at least if AS Roma’s current books are anything to go by.
Corriere della Sera cover the Italian club today and the announcement of their finances which should make for very happy reading for Everton fans.
The newspaper explains that the Friedkin Group’s work at Roma is now paying off, with a 25% improvement in the numbers overall compared to last year.
They explain that Roma’s books show a 25% net improvement compared to last year, despite a 20% increase in salaries on the sporting side of the club.
This profit has been helped by a 24% reduction in all operating costs at the club and significant growth in the club’s operating revenues, which have grown by 20%.
An increase in the retail side of the club has been key to that but there has also been improvement in e-commerce, stadium revenues and partnership deals. Financial matters have improved to such an extent that employees will be receiving bonuses for the first time in years.
That’s all very good news for Everton, who have now entered into an exclusivity agreed with Friedkin to buy the club.
They’ve has been pushing for a deal with Farhad Moshiri over the last week and, with an agreement struck over the weekend, have now entered an exclusivity period to takeover the club in the coming weeks.
The deal will now be scrutinised by the relevant authorities but is expected to go through sooner rather than later and put Friedkin in control at Goodison Park.
He’ll then presumably set about righting the Royal Blue ship, much the same way he and his team did at Roma, which it seems has worked out particularly well up to this point.
