Leeds United watch on as update provided on Everton’s potential points deduction for financial breaches - YEP 17/5/23
Everton have been charged by the Premier League over an alleged breach of the competition’s profit and sustainability rules
By Ben McKenna
Everton's referral to an independent commission by the
Premier League over an alleged breach of the league’s profitability and
sustainability rules will not be fast tracked, according to reports.
Leeds United’s Premier League relegation rivals were charged
with the breaches by the Premier League in March.
The Premier League’s profit and sustainability rules state
that clubs are only allowed to lose a maximum of £105m over three years.
Everton reported combined losses of £371.8 million over a three-year period
ending in 2021/22.
Everton ‘strongly contest’ the allegations of financial
breaches and are ‘prepared to robustly defend its position to the commission.’
Sean Dyche’s side could be punished if found guilty,
including a possible points deduction, transfer embargoes, reduced playing
squads, substantial fines and in the most severe cases, expulsion from the
league.
According to The Times, Everton’s direct relegation rivals -
reported to be Leeds United, Leicester City, Nottingham Forest and Southampton
- wanted any possible punishment to imposed before the start of the 2023-24
campaign.
However, the process to see if the Toffees should face
sanctions will not be fast-tracked.
Leeds are currently 18th in the Premier League with 31
points, one point behind Everton in 17th. Nottingham Forest are 16th on 34
points with Leicester 19th on 30 points. Southampton’s relegation was confirmed
last weekend with two games remaining.
Last May, relegation-threatened Leeds and Burnley submitted
a joint letter to the Premier League threatening to bring legal action for
substantial damages against the league and Everton after the club reported
combined losses of £371.8 million over a three-year period. Following Leeds’
survival on the final day of the 2021/22 season, the club opted not to pursue
their claim.
It has been reported by the Daily Mail that clubs could
again seek to sue Everton if the Goodison Park club survives.