February 29, 2024

The Premier League has punished Everton excessively with ten points for breaking financial regulations, which are obviously ineffective and should be modified.

 

Not only is Everton’s punishment for breaking Premier League regulations excessive, but it is also harsh.

 

It also sounds like the Premier League, who appointed the purportedly independent commission that decided whether to deduct 10 points, is attempting to demonstrate that it is capable of strict self-regulation. Here, folks, there’s no need for an impartial regulator.

 

Their only chance for a favourable outcome on appeal is a slight sentence reduction, possibly with a portion suspended.

 

However, when does someone question the regulations? When does someone formally draw attention to the fact that the majority of football’s financial fair play laws are unjust?

Under the Premier League’s version, Everton have been hit and, if any of the 115 charges against Manchester City stick, the champions will be in big trouble. But if they don’t – and it is worth reminding ourselves that none have been proven yet – City will likely dominate the English game for a good while to come. Their latest financial figures show a record annual revenue, well in excess of £700million.

 

Everton’s most recent accounts showed annual revenue of £181m. It is surely undeniable that the current financial fair play rules mean the hierarchical structure is mainly governed by your size as a commercial superpower.

The rules make it extremely difficult for a club such as Everton to re-join the elite of the Premier League.

 

In simple terms, Farhad Moshiri spent a load of money, hoping that enough of that outlay would be recouped by the success the expensive new players and coaches would bring.

The trouble was that he bought players and managers who were nowhere near good enough. And that really was that.

 

The thing about financial irregularities is that it’s hard to gauge whether fans, in general, really care.

There are suggestions clubs such as Leicester City, Leeds United and Burnley will launch a legal action against Everton but do supporters of those clubs really care that Everton stayed up while breaking financial rules? I’m not sure many do. If any.

 

It is obvious that there must be some sort of financial restraint; otherwise, the sovereign wealth funds and nation states that own the clubs could simply blow everything else out of the water with their endless spending. Thus, impose a salary cap or a limit on transfer expenditures; at the very least, this would level the playing field.

 

For financial fair play as it currently exists—referred to by the Premier League as Profit and Sustainability Rules—is anything but equitable.

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