Everton have announced losses of £89 million (Paul ELLIS)

Premier League strugglers Everton revealed an £89.1 million ($112 million) loss for the 2022-23 season in their latest financial accounts on Sunday.

Everton's losses were a significant increase from the 2021-22 season, when their accounts showed a £44.7 million deficit.

The Goodison Park club have blamed the indefinite suspension of sponsorship deals with key commercial partners as mitigation for the increased loss.