The Premier League has recommended a 12-point deduction for Everton’s alleged breach of profit and sustainability rules, according to a report from The Telegraph. The league is seeking an “extremely severe” punishment, with the possibility of deducting a maximum of 12 points. An independent commission is currently assessing Everton’s situation and is expected to make a decision by the end of the year.
If Everton receives the recommended punishment, they could potentially be relegated to the Championship as they currently sit just three points above the relegation zone. The club’s case involves a spend of £371.8 million over a three-year period, well over the £105 million limit permitted under league regulations. Everton has stated that they will “robustly defend” their position and have cited exemptions such as the impact of the Covid-19 pandemic on their finances.
In addition to a points deduction, the commission could also impose other sanctions on Everton, including a fine and transfer embargo. The Premier League is pushing for a strong punishment, which could result in its first-ever points deduction. Over the past five years, Everton has announced losses of £430 million, all occurring under the ownership of chairman Farhad Moshiri.
Moshiri has recently announced his intention to sell his 94 percent stake in the club to 777 Partners. However, reports suggest that the deal is currently at an impasse. The potential sale adds another layer of uncertainty to Everton’s financial situation and future prospects.
Despite The Telegraph’s report, the Premier League has only made one statement regarding Everton’s breaches, which was back in March. The statement emphasized that the proceedings before the commission would be confidential and heard in private. The final award of the commission will be published on the Premier League’s website. The league has stated that it will not make any further comments until that time.
Everton responded to the Premier League’s decision by expressing disappointment and strongly contesting the allegation of non-compliance. The club asserts that it remains compliant with all financial rules and regulations and is prepared to defend its position to the commission. Everton has consistently provided information to the Premier League in an open and transparent manner and has acted in good faith. The club has chosen not to make any further comments at this time.
The potential punishment for Everton comes at a crucial time for the club, as they are fighting to maintain their Premier League status. Relegation would have significant financial implications and could potentially impact the club’s ability to attract players and investment in the future.
In conclusion, Everton is facing a recommended 12-point deduction from the Premier League for an alleged breach of profit and sustainability rules. The club is currently being assessed by an independent commission, with a decision expected by the end of the year. The potential punishment could have severe consequences for Everton, including relegation to the Championship. The club has stated its intention to defend its position and has cited exemptions such as the impact of the Covid-19 pandemic on their finances. The outcome of this case will have significant implications for Everton’s future in the Premier League.