May 17, 2024

Everton hit with 10-point Premier League penalty amid Leeds United legal threats

Everton have been handed a 10-point penalty for breaching Premier League financial fair play rules

 

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The club crests of Leeds United and Everton

The club crests of Leeds United and Everton

Everton have been deducted 10 Premier League points with immediate effect. The Toffees have been found guilty of breaching the competition’s financial fair play rules and have consequently been hit with a huge punishment.

 

The decision sees Everton, who have narrowly avoided relegation for the last two seasons, drop into the Premier League relegation zone to sit level on points with Burnley, who are currently propping up the top flight. Everton have consistently denied the charges, underlining their belief that they have done nothing wrong and according to the Echo, the club intend to launch an appeal.

 

The report claims the Merseyside club considers the punishment to be inappropriate. The Premier League decision won’t have gone unnoticed at Elland Road or within the boardrooms of Leicester City and Burnley, either.

 

Leeds United, along with the Foxes and the Clarets, were known to be considering legal action against Everton should they be found to have breached financial rules. Recent reports claimed all three clubs made contact with Everton’s prospective new owners 777 Partners, to underline their intention to sue in the event of a guilty verdict, having lost out to Everton in relegation battles in recent seasons.

 

Burnley bounced back to the Premier League last season, of course, but Leeds and Leicester remain in the second tier after their relegation this year and that loss of income could have huge knock on effects. As such, a figure of £100 million for each club has been touted.

 

Of course, it seems any legal action would depend on the outcome of Everton’s appeal, but having made their intentions clear, the three clubs could be about to add to the Goodison Park club’s woes.

 

Everton were informed of the charge by the Premier league in March with their accounts showing a £313.5m loss over the last three years, significantly surpassing what is allowed according to profit and sustainability rules.

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