Everton have been charged with a breach of the Premier League’s Financial Fair Play rules after Leeds United lodged a complaint last year.
The Whites and Burnley wrote to the Premier League in May 2022 to voice concerns over the £371million losses the Toffees had recorded over the three years prior.
After a 10-month investigation, the Merseysiders have now been charged and could be fined or docked points if they’re found guilty of any wrongdoing (The Guardian, 24 March).
From the outside, it doesn’t look good for Everton.
The recorded loss figure is significantly larger than the Premier League regulation and could see the club face some serious sanctions. If they are to be docked points, it would be unlikely to come into play this season, with the start of the 2023/24 season being more likely.
From Leeds’ perspective, the issue is probably a thing of the past. Last season, when they were threatened with relegation towards the end of the campaign, there was a clear desire to highlight Everton’s excessive and reckless expenditure.
However, at present, it feels as if the issue should be put on the back burner. It’s a problem which will likely be resolved during the summer. This financial revelation is just the latest in a long line for the English game to contend with.
There are a number of clubs in the Championship who are in the mire at present due to mismanagement. Luckily for Leeds, their woes seem to have been left firmly in the past.