Cash--flow

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Everton announce record cash flow

Everton have announced a record turnover in the season in which they reached the FA Cup final. The figures were revealed at a shareholders' forum at Goodison Park by the club's chief executive, Robert Elstone.Cash flow was close to £80m for the 2008-09 season, up by 5.3% from 2007-08, and a 55% increase on 2006-07.The club's chief executive explained the figures to shareholders, while the chairman, Bill Kenwright, and manager, David Moyes, also attended.Elstone explained that a number of key factors contributed to the record figure. Revenue from live TV appearances ensured broadcast income increased, with Everton matches shown live on 17 occasions last season.The club's record sponsorship deal with Chang, which began last season, also contributed to the success, along with last...