Premier League accuses Everton of alleged breach of financial fair play! However, the club denies this and intends to defend itself

The Premier League has accused Everton of breaching financial fair play. The investigation was initiated by two clubs – Burnley and Leeds – who wrote to the league about the Toffees.

According to a Premier League statement, Everton made a loss of £371.8 million over the past three years, which is roughly 10 billion crowns in our currency.

Under Premier League rules, clubs can only lose a maximum of £105m over that period. Everton almost quadrupled that.

“In accordance with the Premier League rule, the Premier League confirms that it will undertake an investigation into Everton’s alleged breach of the profitability and sustainability rules under Premier League rule W.3.4,” the league’s official statement read.

“In accordance with Premier League Rule W.82, the proceedings before the committee will be confidential and will be conducted in private. In accordance with Premier League Rule W.82.2, the final decision of the Commission will be published on the Premier League website. In the meantime, the league will not provide any further comment,” the statement also said.

Everton then, of course, reacted to the news by saying that the club is very disappointed with the Premier League’s decision to refer this allegation to an independent commission.

The club also strongly rejects the allegations of non-compliance and, along with its independent team of experts, is fully confident that it remains compliant with all financial rules and regulations.

The investigation is expected to cover the 2021/22 season and years before. The Guardian also reports that the Premier League has been informed of Everton’s situation by a joint letter signed by Leeds boss Angus Kinnear and Burnley chairman Alan Pace.

It should be added, all three clubs were at the time embroiled in a battle for salvation in England’s top flight.

“Everton are prepared to defend their position vigorously before the committee. The club has provided information to the Premier League in an open and transparent manner over a number of years and has made a conscious decision to act in the utmost good faith at all times,” the club wrote on its official website.

Sources: Premier League, Everton, The Guardian