Everton have been referred to an independent commission by the Premier League over an alleged breach of financial fair play rules.
The Premier League did not reveal the specifics of the club’s alleged breach, other than saying it occurred in the period ending with the 2021-22 season.
In their statement, Everton added: “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.
In their statement, Everton added: “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.
That meant losses over a period of three years totalled £372m – more than three times the £105m permitted under Premier League rules.
That meant losses over a period of three years totalled £372m – more than three times the £105m permitted under Premier League rules.
The club said they remained “in a secure financial position” thanks to owner Farhad Moshiri – and blamed the Covid-19 pandemic for part of the losses.
The club said they remained “in a secure financial position” thanks to owner Farhad Moshiri – and blamed the Covid-19 pandemic for part of the losses.
Last month, Manchester City were charged by the Premier League with more than 100 breaches of its financial rules following a four-year investigation.
