Premier League club Everton reported losses of 89.1 million ($112.5 million) for the 2022-23 season in their latest accounts report on Sunday, up from 44.7M ($56.4M) in the previous campaign.

The Merseyside club was docked six points earlier this season for breaching the Premier League's financial rules and is waiting to learn if it will face more punishment for further breaches.

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Everton are 16th in the table, three points above the relegation zone.

In a statement Everton pointed to the "indefinite suspension of key commercial partnerships" as a factor in the accounts.

In 2022, Everton halted their major sponsorship with companies belonging to Alisher Usmanov, the Russian metals tycoon who has been sanctioned by the European Union. The move came in the wake of Russia's invasion of Ukraine.

The latest losses came despite Everton's accounts showing they made 47.5M ($60M) profit on player transfers.

Net debt increased to 330.6M ($417M) because of "significant investment" in a new stadium, Everton said.

Turnover was 172.2M ($217.5M).

The league's rules allow clubs to lose a maximum of 105M ($133M) over a three-year period or face sanctions.

Information from The Associated Press was used in this story.