Everton are set to announce record financial losses of around £110 million.
The exact figure will be disclosed to shareholders at the club’s Annual General Meeting is set to take place at Liverpool’s Philharmonic Hall on Tuesday.
Goodison Park chiefs have included an extra month in their latest accounts to incorporate the cut-off date on players’ contracts at the end of June.
Premier League clubs are not permitted to post losses above £105m in a three-year period, with the Blues just falling within the financial guidelines.
Between 2017 and the year ending June 2019, they recorded an overall deficit of £95m while their overall net debt is believed to be less than £10m.
According to The Times, that is a significant reduction on the £65.7m that Everton announced for the financial year ending summer 2018.
Majority investor Farhad Moshiri and chairman Bill Kenwright are expected to field questions from fellow shareholders at the Philharmonic Hall this evening.