Everton have spent mindboggling 69 years playing in the top tier of English football but that streak could end this year as they are 17th in the Premier League 2022-23 points table with just a one-point lead over the 18th-placed Leeds United. If they manage to survive, the Toffees could face a $300 million suit from five rivals in the league including Leicester City and Southampton among others.
In March, Everton were charged with breaching Premier League’s FFP regulations and if they stay in the top tier, the championship winners Southampton, Leicester, Leeds, Nottingham Forest, and Burnley reportedly feel that they are owed compensation. The hearing is scheduled after the conclusion of the league and these clubs have already started their attempts to fast-track the inquisition. The request was denied by the commission which has led to the legal action pursued by the clubs.
According to Daily Mail, the $300 million claim will be ultimately brought by the two relegated clubs and Southampton. Burnely could look for their separate claim as they are still unhappy about their relegation last year. Leeds and Burnley threatened legal action against Everton some time back amid suspicions that their three-year rolling losses of £372 million breached Profit and Sustainability (P&S) rules. The case never reaped any result because of the allowances to the impact of COVID.
Everton spent around 76 million in the transfer market last summer. The recent update in data led to Everton being charged in March as it showed £313.5 million loss for the previous three years. Burnley lost $65m and TV revenue because of their relegation last year and will look for their share of compensation. The Toffees continue to defend their position and claim no wrongdoing.