visimoney
TLDR:
EPL club Everton is facing the possibility of losing points and being hit with financial penalties for a second time in the same season. The club was previously handed a 10-point deduction in November 2022 after being found guilty of breaching profitability and sustainability rules. Everton has appealed the decision but is now facing a new hearing for another alleged breach in the 2022-23 season. The club’s lawyers argue that the alleged breaches were the result of investment in the stadium project and that no sporting advantage was gained. Everton’s 2022-23 accounts are expected to reflect upheaval, including the sacking of manager Frank Lampard and the suspension of partnerships with Russian companies. The Premier League has changed its rules, allowing for expedited hearings and sanctions within the same season.
The most common theory is that Everton’s previous hearing played a major role in tipping them over the edge again. The club argued that interest payments on loans related to the stadium project should not be included in their accounts, but the commission ruled in the Premier League’s favor. Everton was unable to conduct transfer business during the summer window to recover the amount. The club has expressed concerns about the fairness of receiving two sporting sanctions in the same season and believes that certain mitigating factors were not taken into account. Everton intends to fight both alleged breaches vigorously.
