The Premier League has referred Everton to an independent commission for an alleged breach of its profitability and sustainability rules.
The alleged breach is in relation to the period ending with the 2021-22 season.
In a club statement, Everton said they were “disappointed to hear of the Premier League’s decision.
“The club strongly contests the allegation of non-compliance and together with its independent team of experts is entirely confident that it remains compliant with all financial rules and regulations.
“Everton is prepared to robustly defend its position to the commission. The club has, over several years, provided information to the Premier League in an open and transparent manner and has consciously chosen to act with the utmost good faith at all times.”
Everton recorded losses of £371.8m over the past three years. Premier League rules allow clubs to lose a maximum of £105m over three years.
Clubs who break the Premier League’s Financial Fair Play rules can be fined or deducted points.
Clubs have been allowed to write off losses caused by the pandemic; in their latest accounts Everton said £170m of their losses were caused by the pandemic.
More to follow…
