The Premier League have referred Everton to an independent commission over an alleged breach of financial fair play rules. The alleged breach occurred during the 2021/22 season and followed an official complaint by then Premier League rivals Leeds United and Burnley.Everton recorded losses of $454.5 million over the past three years. Premier League rules allow clubs to lose a maximum of £105m over three years. Any breach of the regulations — known as Profitability and Sustainability rules — is punishable by a fine or a possibility of deducted points.##NAJAVA_MECA_7125723##The Tofees, who are currently just two points above the relegation zone, have been struggling financially for several years. The Merseyside club, however, retain the financial backing of billionaire shareholder Farhad Moshiri, who committed $122 million through a new share issue during 2020/21 and provided a further injection of over $100 million after the end of the financial year.🚨 Everton release statement on PL charges “The Club strongly contests the allegation of non-compliance and together with its independent team of experts is entirely confident that it remains compliant with all financial rules and regulations.” pic.twitter.com/UKdc3chcjD— Football Daily (@footballdaily) March 24, 2023 Everton said they are disappointed with the Premier League’s decision and are entirely confident that they haven’t breached the rules.”Everton Football Club is disappointed to hear of the Premier League’s decision to refer an allegation of a breach of Profit & Sustainability regulations to an independent commission for review. The club strongly contests the allegation of non-compliance and, together with its independent team of experts, is entirely confident that it remains compliant with all financial rules and regulations. Everton is prepared to robustly defend its position to the commission. The club has, over several years, provided information to the Premier League in an open and transparent manner and has consciously chosen to act with the utmost good faith at all times. The club will not be making any further comment at this time.”
