Everton football club has been charged by the Premier League for breaching its Financial Fair Play rules. The league has charged the Toffees based on their spending last season. This development came after a 10-month investigation started after Burnley and Leeds wrote to the Premier League in May questioning whether Everton had broken the rules.
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The Merseyside club had recorded losses of £371.8m over the last three years. This goes on to break Premier League rules which state that clubs are allowed to lose a maximum of £105m over three years. If a club break these profitability and sustainability rules it can be fined or deducted points.
Premier League released a statement confirming the breach and charged Everton under the same rule the defending champions Manchester City has allegedly breached. The statement said, “In accordance with Premier League Rule W.82.1, the Premier League confirms that it has today referred an alleged breach of the League’s Profitability and Sustainability Rules by Everton Football Club to a Commission under Premier League Rule W.3.4.”
“The assessment period for which it is alleged that the Club is in breach is the period ending Season 2021/22. The proceedings before the Commission will, in accordance with Premier League Rule W.82, be confidential and heard in private. Under Premier League Rule W.82.2, the Commission’s final award will be published on the Premier League’s website. The League will be making no further comment until that time.”
Going back to the appeal, the letter was signed by Leeds chief executive Angus Kinnear and Burnley chairman Alan Pace, both clubs who were facing the threat of relegation. In the letter, both clubs also stated their right to make legal claims against the Premier League and Everton.
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