Profits around the corners


June 15, 1942
Concrete evidence of the big improvement in football attendances on Merseyside last season will be forthcoming when the balance-sheets of Everton and Liverpool are made public.

While the exact figures cannot be disclosed until the report and accounts have been despatched to shareholders, which will be done in the next few days, it will be found that each club shows a profit on the year’s working of over four figures, after taking into account all overhead charges, including overdraft interest. Liverpool’s figure will probably be slightly larger than Everton’s.

There will also be a useful sum to come to both clubs later from the League Cup “pool,” which goes to next season’s credit.

This is the first time since war started that either club has finished on the right side. Last season Liverpool’s deficit was £1,421, and the previous year £6,759, Everton’s figures being roughly the same. While profit-making is not the primary aim in war time, and surplus is welcome and serves to reduce indebtedness to the bank, still a substantial figure with both clubs.

The balance-sheet will probably show gate receipts nearly double the previous season. For this, two things are responsible – first, comparative freedom from bombing; secondly, the much-improved competitions of last season, and, particularly, the new method of running the League Cup, which proved a real winner for the majority of clubs.

Liverpool’s annual meeting is on Friday, June 26, and Everton’s the following Thursday, July 2.
(Liverpool Echo: June 15, 1942)

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