Everton, who have avoided relegation in each of the last two seasons, are accused of breaking Premier League financial rules.
Everton may face a record-breaking 12-point deduction if the Premier League imposes a hefty penalty.
The Toffees are accused of breaking Financial Fair Play (FFP) rules, and if proven guilty, they could be relegated to the bottom of the league table with a -5 point penalty. Everton are already in danger of relegation even without this potential punishment. They’re presently three points above the drop zone, and a 12-point suspension would put them 11 points away from safety.
According to the Telegraph, an independent panel is assessing Arsenal’s case while other Premier League clubs such as Arsenal, Chelsea, and Tottenham await the conclusion. The club claims they followed the rules and would “robustly defend” their position.
The Merseyside club is certain they will be found not guilty. They contend that exemptions, particularly those pertaining to Covid, will be sufficient to satisfy the independent panel. Everton is reported to have lost £371.8 million in financial losses, while the Premier League set a budget of £105 million.
Other sanctions, such as a fine, a transfer embargo, or a reduction in points, are also possible. The Premier League, on the other hand, wants Everton punished severely.
Everton is now involved in a takeover issue. 777 Partners, an American business, is buying Farhad Moshiri’s 94% ownership in the club. The takeover, according to Mirror Football, will go forward as planned.
Everton‘s alleged violations were announced by the Premier League in March, but no public comments have been made since. Their statement said: “The proceedings before the commission will, in accordance with Premier League Rule W.82, be confidential and heard in private.”
“The commission’s final award will be published on the Premier League website in accordance with Premier League Rule W.82.2.” “Until then, the league will make no further comment.”
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