Premier League refers Everton over finances

Everton have been referred to an independent commission by the Premier League over an alleged breach of financial fair play rules.

The Premier League did not specify in their statement the specifics of the club’s rule breach.

However, Everton have posted financial losses in several recent seasons.

The league said the alleged breach is from the 2021-22 campaign, during which the Merseyside club narrowly avoided relegation.

In March 2022, Everton announced losses of £120.9m for the previous season.

That meant losses over a period of three years totalled £372m, while Premier League rules only allowed that figure to be £105m.

The club said they “remain in a secure financial position” thanks to owner Farhad Moshiri – and blamed Covid-19 for part of the losses.

Everton are also in the process of building their new Bramley-Moore Dock stadium.

They remain in a perilous position in the top-flight, currently sitting 15th in the table – two points above the relegation zone.

Last year, rivals Leeds and Burnley wrote to the Premier League asking for Everton’s accounts to be independently investigated, although they later dropped their threat of legal action.

The two clubs had been advised Everton complied with profit and sustainability rules after meeting with the Premier League.

In its statement on Wednesday, the Premier League said the commission will be independent of the league and its clubs, adding that proceedings will be “confidential and heard in private”.

There have been widespread protests against Moshiri and the Everton board by fans this season.

Leave A Comment

Your email address will not be published.

You might also like
where to buy viagra buy generic 100mg viagra online
buy amoxicillin online can you buy amoxicillin over the counter
buy ivermectin online buy ivermectin for humans
viagra before and after photos how long does viagra last
buy viagra online where can i buy viagra