According to reports, the Premier League has suggested that Everton could face a 12-point deduction if they are found to have violated the financial fair play regulations.
Last March, the Premier League sent Everton to an impartial panel after reviewing the financial records of all top-tier clubs for the 2021-22 season. The specific charge has not been made public, but it is thought to involve a tax matter related to the loans taken out for Everton’s upcoming stadium at Bramley-Moore dock. The hearing for this disciplinary action started last week and a decision is anticipated before the end of the year.
According to the league’s regulations for profitability and sustainability, teams are allowed to incur a loss of up to £105m within a three-year timeframe before facing consequences. However, Everton has reported losses of £371.8m in the past three years and has experienced annual losses for five years in a row, totaling over £430m during that period.
If Everton is determined to be at fault, they may face a fine or a transfer restriction. However, the Premier League has suggested a deduction of up to 12 points, as reported by the Daily Telegraph. If this were to happen, Everton would currently be at the bottom of the league with -5 points and would have to fight for their third consecutive year to avoid being relegated to the Championship.
The Premier League responded to the Telegraph’s report by stating that they do not comment on ongoing cases and that the hearing was private. Everton has also chosen not to comment on the hearing, but they have consistently maintained that they have not violated any relevant rules. In a statement released when the referral was announced, the club asserted that it denies the accusation of non-compliance and is confident that it is adhering to all financial rules and regulations with the help of its independent team of experts.
“Everton is prepared to robustly defend its position to the commission. The club has, over several years, provided information to the Premier League in an open and transparent manner and has consciously chosen to act with the utmost good faith at all times.”
The club has been aware from the beginning of this situation that all options for punishment are being considered. However, officials at Goodison are upset about the timing of this recent report, if it is indeed true, as it comes less than 24 hours after the news of the passing of their longtime chairman Bill Kenwright.
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At the moment, Everton is still being pursued for acquisition by the American private investment company 777 Partners. In terms of their performance, Sean Dyche’s team has suffered six losses in their first nine matches of the season, with the most recent one being a 2-0 defeat against Liverpool at Anfield on Saturday.
Source: theguardian.com
