The Premier League has taken action against Everton for allegedly breaching financial fair play regulations, referring the matter to an independent commission. Although the details of the supposed infringement have not been disclosed, the Premier League has confirmed that it occurred within the period ending with the 2021-22 season. Everton has reported financial losses in recent years, but has denied any wrongdoing and vowed to defend its position vigorously.
Everton has declared that it disputes the allegation of non-compliance and is fully confident that it adheres to all financial rules and regulations. The club stated that it has been transparent with the Premier League for many years and has always acted in good faith. Despite incurring losses of £120.9m for the 2020-21 season, the club insists that it is financially secure thanks to owner Farhad Moshiri’s support. The Covid-19 pandemic, according to Everton, was responsible for part of the losses.
Moreover, Everton is currently constructing its new Bramley-Moore Dock stadium. However, the club is precariously placed in the Premier League, hovering just two points above the relegation zone in 15th position.
Photo Credit: Everton FC