Everton are seeking ‘clarification’ on the Premier League’s financial rules with the club claimed to be at ‘risk’ of a points deduction.
Everton recorded losses of over £260m between 2017 and 2020, a figure which far exceeds the Premier League’s permitted maximum of a £105m loss over a three-year period.
However, the Toffees are seeking clarification from the Premier League over how much the club’s losses can be offset due to the impact of the Covid-19 pandemic, having delayed the publishing of their 2020/21 accounts last December.
The Mail are reporting that there is a deadline for up-to-date accounts this month, after which the Premier League will assess accounts and financial forecasts for top-flight sides. Should teams be deemed to have breached financial rules, there is the possibility of docked points which could be issued at the end of the season.
The prospect of a points deduction will raise fears around the club, with Frank Lampard’s side currently just one point above the Premier League’s relegation places after a run of seven defeats from eight league fixtures.
Everton remain at risk of being found to have breached financial rules, despite the allowances the Premier League has made as a result of the pandemic.
The three-year assessment period has been extended to four, with an average taken from the two Covid-affected seasons when crowds were absent to provide a figure for the usual three-year period.
The club were also forced to cut ties with major sponsor Alisher Usmanov last week, a move which could reportedly cost the Toffees around £300m across the next 20 years.
