Sport nationThe Premier League is preparing for a third hearing regarding Everton’s compliance with Profit and Sustainability Rules (PSR), with the latest developments suggesting that the league won’t go easy on the club. Everton have already been docked points for breaching PSR in the 2021-22 and 2022-23 seasons, and a new hearing could lead to further punishment, including another points deduction.
The Premier League is reinforcing its legal department with new appointments, including a new head of legal, who will manage disputes with clubs and other third parties. This could have a material impact on the Everton case.
Everton’s latest case relates to the severity of their 2022-23 breach, with the league disputing figures on the capitalisation of loans presented in the club’s audited accounts. The club admitted a breach of £16.6m, but the capitalisation of interest payments could see that figure more than double.
The PSR system is set to evolve next season to fall in line with UEFA’s model, which limits clubs to spending a set percentage of revenue on wages, transfers, and agent fees. However, the Premier League’s enforcement of the existing system appears unlikely to be relaxed.
The club’s new stadium, Bramley Moore Dock, could be a game-changer for Everton, generating £40m in matchday income and opening doors for sponsorship deals. However, the current takeover saga and PSR issues continue to cast a shadow over the club’s future.
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