Sport nationEverton Faces Potential 9-Point Deduction Amid Financial Crisis
Everton FC is facing a new threat of a 9-point deduction this season due to their precarious financial situation, sources close to the club have revealed. The Merseyside team is struggling with debts exceeding £500 million, and the proposed takeover by 777 Partners is still under review by the Premier League.
If Everton enters administration, they will automatically incur a 9-point deduction, as per Premier League regulations (section E.37). However, the rules do not specify whether the deduction would apply to the current season or the next one, leaving room for interpretation.
The Premier League has the discretion to decide when the points deduction would take effect, causing anxiety among Everton officials. One possibility is that the club might strategically enter administration this season if they are nine points clear of the relegation zone, as this would clear their debts and allow them to explore new takeover options.
However, the uncertainty surrounding the timing of the points deduction has created uncertainty and concern at Goodison Park. Insolvency experts have been called in to assess the situation, and the club is seeking clarity on the potential consequences of entering administration.
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Sport nation
Amina Umar