![]() ![]() The ruling surpasses the nine-point deduction handed to Portsmouth in 2010 for going into administration. ![]() There are built-in clauses relating to the purchase of the club which means the price of the sale will drop if the charges are upheld. ![]() The club is in the process of being taken over by 777 Partners after the owner, Farhad Moshiri, agreed to sell his 94% stake. Everton argue that some loans they took were for their new stadium and should not count in the process because infrastructure projects sit outside PSR but the commission disagreed. One important issue Everton faced was having to pull out of a lucrative naming rights deal for the stadium with Alisher Usmanov’s holding company, USM, which was worth about £200m, after Russia’s invasion of Ukraine. The league had to sign off any potential transfers but each time warned Everton over their finances.Įverton believe there are a number of mitigating factors, which they explained to the commission. In August 2021 Everton had entered into an informal agreement with the Premier League over its expenditure which effectively put the club under a salary cap. ![]() The commission concluded that a sporting sanction in the form of a 10-point deduction should be imposed. Last year Burnley and Leeds wrote to the Premier League to question whether Everton had broken the rules after they recorded losses of £371.8m over the past three years.Ī Premier League statement said: “Following a five-day hearing last month, the commission determined that Everton FC’s PSR calculation for the relevant period resulted in a loss of £124.5m, as contended by the Premier League, which exceeded the threshold of £105m permitted under the PSRs. Chelsea are under investigation for alleged breaches relating to the era of Roman Abramovich’s ownership.Įverton were referred to the commission after an audit of Premier League clubs’ financial records for the 2021-22 season. Manchester City have been charged with more than 100 alleged breaches of the rules by the Premier League but are yet to have a verdict amid legal wrangling on both sides. The decision has put into focus other Premier League investigations and how those clubs will be dealt with if also found guilty. The severity of the punishment surprised Everton, who feel a sporting sanction for what they believe is a disagreement over accountancy interpretations is unjust. ![]()
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