Sport nationEverton is facing the prospect of a third consecutive points deduction in the next season due to their financial losses, as per football finance expert Kieran Maguire. Speaking live on Sky Sports News, Maguire highlighted the club’s precarious situation, noting that Everton’s losses of £45 million in 2022 and £89 million in 2023 already exceed the Premier League’s £105 million allowable limit. He warned that unless Everton manages to balance their books with player sales before the end of June 2023, they could be at risk of further sanctions.
The latest two-point deduction, combined with the initial six, has put Everton in a challenging position, dropping them to 16th in the league standings. The club’s situation is further complicated by an ongoing dispute with the Premier League over payments related to their new stadium, with another hearing pending.
To avoid breaching the profit and sustainability rules for a third time, Everton may need to consider selling valuable players like Jarrad Branthwaite and Amadou Onana, who could command significant transfer fees. However, such sales could weaken the team’s on-field performance, as the funds would likely be used to address financial issues rather than reinvested into the squad.
This series of financial and regulatory challenges has cast a shadow over Everton’s future, with the potential for more difficulties ahead. The situation underscores the importance of prudent financial management in the Premier League and the impact that financial regulations can have on a club’s competitiveness and stability.
Citations:
[1] https://theathletic.com/4997629/2023/11/17/everton-premier-league-points-penalty-ffp/
[2] https://www.reddit.com/r/PremierLeague/comments/17lhk3z/evertons_ffp_case_club_and_premier_league_await/
[3] https://www.theguardian.com/football/2023/jun/14/everton-could-face-multi-million-pound-legal-bill-if-they-lose-ffp-case
[4] https://www.forbes.com/sites/jamesnalton/2023/03/29/everton-faces-financial-fair-play-investigation-and-will-strongly-contest-premier-league-allegation/
[5] https://www.dailymail.co.uk/sport/football/article-12646155/Everton-Premier-League-meet-SECRET-begin-clubs-disciplinary-hearing-alleged-Financial-Fair-Play-breaches-closed-doors-process-set-conclude-week.html
[6] https://www.goodisonnews.com/2024/03/11/everton-nottingham-forest-and-manchester-city-cases-update-as-ffp-rules-to-go-sky-sports/
[7] https://worldsoccertalk.com/news/everton-learns-potential-points-deduction-penalty-in-ffp-case-20231025-WST-464510.html
[8] https://weaintgotnohistory.sbnation.com/2023/11/17/23965710/everton-hit-with-10-point-deduction-for-premier-league-ffp-violations
Sport nation
Amina Umar
