£300 million potential Everton lawsuit, Burnley, Leeds, and Leicester reached on official agreement.
The trio were planning to take major action against the Toffees following their points deduction, but they have now come to a joint decision
An investigation and hearing had been ongoing for some time in regards to their breach of the Premier League’s profit & sustainability rules in the 2021-22 season, where they were found to have made a loss of £124.5 million in the relevant period when you can only lose a maximum of £105 million.
Their £19.5 million overspend therefore saw them in trouble with the authorities, but it was referred to an independent commission who ruled what to do, and the result was one of shock.
A precedent has been set in regards to monetary misdemeanours in the top flight of English football, and it wasn’t just the Toffees who had an interest in the case.
If Everton were found guilty and had points deducted, then a number of clubs were threatening to take legal action due to the fact that they believed the decision should have been made either at the end of the 2021-22 season or last season instead.
And when that decision did indeed come, it was reported by Matt Hughes of the Daily Mail that three clubs – Burnley, Leicester City and Leeds United – had confirmed their intentions to sue the Merseyside outfit for £300 million, and a deadline was set for that to go in.
However
