The financial constraints on David Moyes's attempts to lead Everton into the Champions League have been underlined in the club's latest set of accounts that show a net loss of £9.1m for 2011–12 and wages rising to 75% of turnover.
Everton's loss increased by approximately £4m on 2010-11 and overall debt rose from £44.9m to £46m, despite the sales of Mikel Arteta, Yakubu Ayegbeni, Diniyar Bilyaletdinov, James Vaughan and Jermaine Beckford.
The financial constraints on David Moyes's attempts to lead Everton into the Champions League have been underlined in the club's latest set of accounts that show a net loss of £9.1m for 2011–12 and wages rising to 75% of turnover.
Everton's loss increased by approximately £4m on 2010-11 and overall debt rose from £44.9m to £46m, despite the sales of Mikel Arteta, Yakubu Ayegbeni, Diniyar Bilyaletdinov, James Vaughan and Jermaine Beckford.
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