Everton accused of financial irregularities

Everton has been referred to an impartial commission for allegedly violating the Premier League’s financial fair play rules concerning their spending last season.

The announcement comes after an audit of the 2021–22 season’s financial records for every Premier League club, which had to be submitted by the beginning of March this year.

When Everton posted losses of £371.8 million over the previous three years, Burnley and Leeds wrote to the Premier League last year to inquire about possible rule violations.

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Clubs in the Premier League are only permitted to lose a maximum of £105 million over three years. Clubs that violate the league’s rules regarding profitability and sustainability may be fined or lose points.

Both Leeds and Burnley were facing relegation at the time of their joint letter, which Angus Kinnear, the chief executive of Leeds, and Alan Pace, Burnley’s chairman, signed. Both teams also said they reserved the right to sue the Premier League and Everton.

According to a Premier League statement released on Friday, Everton has been referred to an impartial panel that will decide on the issue.

In a statement, Everton expressed their disappointment with the choice and readiness to vigorously defend their stance before the commission.