Alisher Usmanov pays £30m for naming rights at Everton’s new stadium

• Russian billionaire secures exclusive option on naming rights
• Club makes record £111.8m loss despite revenues of £188m

Everton have announced a record loss of £111.8m for the financial year to June 2019, an alarming plunge after the club made a £30m profit in 2017 and reported a more manageable deficit of £13.1m the following year.

The club also revealed that the Russian billionaire Alisher Usmanov, a business partner of the majority shareholder Farhad Moshiri, has strengthened his ties with the club after agreeing to pay £30m up front for an exclusive option on naming rights for their new stadium. Usmanov’s holding company USM already sponsors Everton’s training ground.

Continue reading...

About the Author

Comments are closed.