May 18, 2024

Everton face threat of fresh Premier League punishment as ‘rules could be broken again’

Everton were recently docked 10 points for allegedly breaching Premier League financial rules.

Everton face threat of fresh punishment as ‘rules could be broken again’

Everton deducted 10 points in record-breaking punishment

Everton could be punished again by the Premier League if their next set of accounts fall foul of profit and sustainability rules, according to reports. The Toffees were deducted 10 points on Friday for alleged breaches following a five-day hearing, which took place last month.

The decision marked the biggest sporting sanction handed down in Premier League history and saw Everton drop to 19th in the table, with the Merseyside club only above bottom side Burnley on goal difference. They are expected to submit an appeal later this week in order to challenge the landmark ruling but could be punished again if their next set of accounts show further breaches.

It has been confirmed by the Premier League that clubs can be punished for breaching profit and sustainability rules in consecutive seasons, according to The Times. Accounts for the year ending June 2023 will need to be submitted by the end of March, but clubs have been asked to provide visibility by December 31 in order to determine profit and sustainability compliance.

The report adds that Everton will need to file a strong set of results for the last 12 months in order to avoid further punishment after posting losses of £120.9million in 2021 and £44.7m in 2022. The next three-year period will take into account the losses made in the final two years of the previous assessment plus the latest year.

Everton could reportedly be punished again if their next set of accounts fall foul of the rules (Image: GETTY)

There is said to have already been a significant reduction in Everton’s wage bill, while a hefty chunk of money was raised through the sale of Anthony Gordon to Newcastle for around £45m. However, the cost of building their new stadium at Bramley-Moore Dock continues to put a strain on their finances.

Everton were said to have put forward several mitigating factors at their five-day hearing last month, such as trying to add loans associated with stadium costs back into their losses. They also pointed to the impact of Covid and Russia’s invasion of Ukraine, which saw the Toffees miss out on a naming rights deal for their new stadium worth around £200m.

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However, the independent commission sided with the Premier League after reportedly determining that Everton had already been warned about their spending in the transfer market. Those in power at Goodison Park remain adamant that they were punished too harshly, with interim CEO Colin Chong labelling the decision as ‘unprecedented and disproportionate’ in a video statement on social media.

He said: “The club’s view is that the harshness and severity of this punishment are neither fair nor a reasonable reflection of the evidence that was submitted to the commission. For that reason, the club intends to appeal the outcome before the Premier League appeals board.

“This is a sporting sanction that directly impacts supporters. The club and our players and staff and our fans will stick together in the face of what the club believes to be an unprecedented and disproportionate sanction.”

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