Everton development emerges amid Leeds, Leicester and Burnley’s proposed £300m lawsuit
With clubs required to lose no more than £105 million over a certain period of time, the Toffees were adjudged to have breached that in the 2021-22 campaign, running up total losses of £124.5 million.
Everton were £19.5 million over the threshold, and an independent commission chose to make an example out of them, deducting them 10 points and putting them down to 19th in the standings, although the club do intend to appeal the decision.
The ramifications may not stop at the initial points deduction though, as Burnley, Leeds United and Leicester City are all seemingly set to take significant action after learning of the independent panel’s decision.
Rumours were rife over the summer that all three clubs would come together to take action should Everton be found guilty of their profit and sustainability breaches, and now that the independent commission has done just that, the trio’s intentions to sue have been confirmed by the Daily Mail.
And The Athletic have also confirmed that Burnley chairman Alan Pace and Leeds chief executive Angus Kinnear wrote a letter to prompt the Premier League into the investigation in the first place.
The clubs believe that Everton gained an unfair advantage with their spending, which have now been adjudged to have broken the Premier League’s rules to the seriousness of a points deduction.
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