Team Everton in action© AFP
An investigation has revealed that Everton is poised to face a deduction of 12 points due to suspected infringements of financial regulations by the Premier League club, as per a report on Wednesday. The Daily Telegraph has stated that the Premier League authorities have sought the intervention of an independent commission to impose this severe penalty, which would mark the most substantial points reduction in the history of the competition. Should Everton lose 12 points, they will find themselves at a negative total of five points, languishing at the bottom of the league table for this season.
Currently, Sean Dyche’s team is placed 16th with seven points, having suffered defeat in six out of their first nine matches.
Everton was referred to the commission by the Premier League in March following allegations of breach of the profitability and sustainability rules, concerning their finances up until the 2021-22 season.
The Premier League permits clubs in the top flight to incur a maximum loss of £105 million ($127 million) over a three-year period or face penalties.
In response to the news of the referral, Everton issued a statement on the same day, declaring: “The club strongly disputes the allegation of non-compliance and, together with its independent team of experts, is completely convinced that it remains compliant with all financial rules and regulations.
“Everton is fully prepared to vigorously defend its position before the commission. Over the course of several years, the club has provided the Premier League with information in an open and transparent manner, and has consistently acted in the highest good faith.”
Everton has suffered annual losses for five consecutive years, amounting to over £430 million in total during that period.
Furthermore, there have been reports of a takeover bid by American private investment firm 777 Partners, which has been denied by the said firm. Last week, a New York Times report suggested that their bid had encountered a setback due to the failure to provide information to the Financial Conduct Authority.
(This story has not been edited by NDTV staff and is automatically generated from a syndicated feed.)
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