Recent reports suggest Everton could be on the cusp of a significant points deduction should they be found in violation of financial fair play (FFP) rules in the Premier League.
It was disclosed that Everton’s private disciplinary hearing, related to alleged FFP breaches, is presently underway, with an independent commission set to deliver a verdict on these allegations. A decision concerning Everton’s financial standing is expected later this week, and the Premier League is making preparations in case of a guilty verdict.
In the event of a violation, the Premier League is poised to recommend a substantial 12-point deduction.
At present, Sean Dyche’s team occupies the 16th spot in the Premier League standings, with just seven points from their first nine matches. If the Premier League’s suggestion is enforced, Everton would see their points plummet to a negative five, presenting a daunting challenge for their survival in the league.
Luton Town, a club recently promoted to the Premier League, currently sits in 17th place with five points. Should this deduction be imposed, Everton would find themselves trailing by a significant 10-point margin.
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This potential crisis follows Everton’s narrow escape from relegation on the final day of the previous season and a similar perilous situation in the season prior when they narrowly retained their Premier League status.
The origins of Everton’s current predicament can be traced back to March when the Premier League charged them with FFP rule breaches. The records indicate losses nearing £372 million over a three-year period, well above the league’s limit of £105 million.
The club, however, vehemently denies any wrongdoing and argues that they received financial allowances from the Premier League due to the economic challenges posed by the Covid-19 pandemic.
Nevertheless, Leeds, Leicester, and Burnley have collectively issued a warning to Everton’s potential owners, 777 Partners, signaling their intention to sue the club for £300 million if it’s found guilty of FFP violations aimed at avoiding relegation over the past two seasons.
The American investment firm 777 Partners is currently awaiting Premier League approval to take over from the current owner, Farhad Moshiri, at Goodison Park.
In addition to the FFP investigation, Everton also faces legal action on another front. It was recently revealed that the club has been reported to the Premier League for an alleged failure to pay an agent fee, with the outstanding invoice amounting to several hundred thousand pounds, leading to legal action by the global agency involved.
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