Everton worries about more punishment for their second Premier League spending violation.
After clubs submit their accounts to the Premier League for 2022–2023 on Monday, they find out if they are facing additional charges.
The Premier League’s teams, most notably Everton and Nottingham Forest, will find out on Monday if they are charged with violating the profit and sustainability laws (PSR).
Everton insiders made it clear to me that they are not yet aware of any Premier League decisions, but they are worried about receiving a second punishment for going over the allotted £105 million in losses over a three-year rolling cycle.
Similar to other 20 Premier League teams, their 2022–23 accounts have to be turned in by December 31st, with notice of any charges need to be given within 14 days.
Clubs that were notified of the charges on Monday could be subject to a transfer embargo, fines, or point reductions in addition to facing an independent commission before the season ends.
Everton has previously filed an appeal against a different 10-point penalty that was assessed to them for violating the PSR, and it is anticipated that the appeal will be heard before the season is out.
The team, which is currently in 17th position in the Premier League, feels they have a good case to at least lessen the harshness of the punishment.
Nottingham Forest’s spend of around £250m since securing promotion to the Premier League has put them at risk of a breach – although it has been reported that the club will argue the £47.5m sale of Brennan Johnson to Spurs after the end of the cut off point for this year’s accounts is mitigation for their losses.
The controversial topic for Everton seems to be interest on loans taken out to fund the construction of their new stadium at Bramley-Moore Dock. I’m aware that they would fiercely contest any fresh accusations.
The financial fair play regulations would come under further scrutiny if the Premier League filed charges, as detractors claim they are becoming more and more ineffective.
Clubs have the right to appeal even if an impartial commission finds that the claims are true. The Premier League faces a nightmare scenario in which the relegation battle may be impacted by several contested point deductions, making it unclear which teams will be demoted until appeals have been heard.
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