Former Everton CEO Keith Wyness has voiced his astonishment and disagreement with the handling of Everton Football Club’s points deduction case related to breaches of the Premier League’s Profitability and Sustainability Regulations (PSR). Wyness, who led Everton from 2004 to 2009 and now operates a football consultancy, highlighted the ongoing war in Ukraine as a significant factor that should be considered in Everton’s defense against the points deduction.
In a recent discussion on Football Insider’s Inside Track podcast, Wyness emphasized that the war in Ukraine, which began in 2022, had a profound impact on Everton’s financial situation. The conflict led to Everton severing ties with Alisher Usmanov’s company USM, which had 15 commercial agreements with the club. This separation resulted in Everton losing a potential £200 million naming rights deal for their new stadium, slated to open in the 2025-26 season.
Wyness criticized the initial hearing’s decision to dismiss the war in Ukraine as a mitigating factor, expressing disbelief that it was considered a “day-to-day occurrence.” He argued that the Premier League should not overlook the significant impact of these external factors on Everton’s financial performance and compliance with PSR.
Given these circumstances, Wyness is confident that any new panel reviewing Everton’s case should acknowledge the mitigating impact of the Ukraine war. He suggested that the Premier League might adopt a more lenient stance in Everton’s upcoming hearing for breaching PSR, given the unique and challenging circumstances the club faced due to geopolitical events beyond its control[1].
Citations:
[1] https://www.footballinsider247.com/likes/exclusives/
[2] https://www.youtube.com/watch?v=NS9mNWhL3SU
[3] https://news.liverpool.ac.uk/2023/11/21/evertons-ten-point-deduction-explained/
[4] https://www.newsnow.co.uk/h/?lang=a&search=Everton
[5] https://www.youtube.com/watch?v=sPDuqwu0NlI
[6] https://www.skysports.com/football/news/11095/13081584/everton-points-deduction-appeal-key-questions-answered-as-premier-league-clubs-deduction-reduced-to-six-points
[7] https://www.theguardian.com/football/2024/feb/26/everton-boosted-after-premier-league-deduction-reduced-from-10-to-six-points
[8] https://www.youtube.com/watch?v=fnIJtg3OET4