Amidst 777 Partners takeover
Everton could be punished with a heavy point deduction. According to a report by The Telegraph, the Premier League has recommended a significant punishment for breaching profit and sustainability rules. Everton are currently struggling at the bottom of the table, and a recommended 12-point deduction would put the club in serious threat of relegation.
The club is being accused of having run up a deficit of £304 million. Significantly above the upper limit tolerated by the league board is £105m. The case is currently being investigated by an independent commission. A decision isn’t imminent but expected within the year. As things stand now, a 12-point deduction would see Everton’s point total reduced to -5 points. The Toffees have won just twice and drawn once in the first nine matches of the season and, as a result, have collected just seven points.
Everton on the transfer market: Small profit after 4th largest deficit in the league
Over the last few years, Everton have sold some of their best players, including Richarlison (Tottenham) and Anthony Gordon (Newcastle). Those transfers have seen the club generate a profit of €70m on the transfer market over the last three seasons.
But between 2014 and 2020 the club generated a massive deficit of €350m—the fourth highest during that period. Not surprisingly, one of the possible punishments discussed is a transfer ban.
The Premier League first made the potential breach of financial rules public in March but without an actual statement regarding the details. According to reports, the case will be handled away from the public eye. The report by The Telegraph emphasized that Everton emphatically deny any breach of Financial Fair Play rules. Everton are currently building a new stadium, and owner Farhad Moshiri is currently in the process of selling his 94% share of the club to the US-based investment company 777 Partners.
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