This week, the Toffees received a ten-point deduction for violating the financial fair play regulations.
Up until the 2021–2022 season, Everton reported losses of £124.5 million over a three-year period; by contrast, the Premier League will only allow clubs to lose £105 million.
Following their relegation to the Championship earlier this year, Burnley, Leicester, and Leeds announced their desire to sue Everton for an astounding £300 million, or £100 million apiece. The Clarets have just returned to the top flight after a single season away.
The three teams have expressed their dissatisfaction at Everton’s lack of punishment in the previous campaign; a ten-point deduction would have resulted in Everton’s relegation.
They will now push ahead with their plan following the decision made by the Premier League’s independent regulator, meaning Everton now faces being plunged into administration.
Are Everton destined for the championship?
The Merseyside team would automatically receive an additional nine points in the event that they were pushed into administration, for a total of 19 points deducted.
Everton would then be eleven points from safety and stuck to the bottom of the standings with minus five points.
Even if the Toffees are playing at a high level and are much above Luton Town, Sheffield United, and Burnley, it would take a miracle for them to gain the necessary eleven points.
If it guarantees them a spot in the championship, Sean Dyche’s team would be all but relegated and would be keen to avoid going into administration.
Things would only go from bad to worse in the second tier, with Everton’s new stadium set to open during the 2024–25 season, while they would face losing a lot of players who are raking in six figures per week.
According to the Daily Mail, 777 Partners will not pay for any legal action taken by Leeds, Burnley, or Leicester against Everton as a result of their FFP violation.
The Premier League punished the Toffees ten points for breaking profit and sustainability regulations, and as a result, the three clubs proceeded with their intentions to sue Everton for a combined £100 million.
However, 777 Partners stated in a report published on Saturday, November 18, that they would not be paying any compensation related to the lawsuit, even if they have promised to provide the club with about £20 million a month to help with operating expenses while their acquisition proposal is evaluated.
Everton’s prospective buyers, 777Partners, have committed to providing around £20 million a month to help with the club’s running costs while the Premier League is assessing their takeover bid, but Mail Sport has learned that they would not be willing to pay a compensation bill that could run into tens of millions of pounds,” they wrote.
Crazy
How anyone can expect this takeover to be approved is beyond us, because 777 Partners clearly don’t care about Everton Football Club.
Granted, this situation isn’t their fault. They weren’t part of the problem, and it should be on Farhad Moshiri and his cronies to foot the bill for the club should any compensation be owed due to this impending legal case.
However, it’s clear to everyone with eyes and common sense that 777 Partners are just in this for a quick payday and want to own the club so they can leverage it to make a quick profit, not make us successful.
Unfortunately, though, the Premier League has now made it clear that they don’t care either. They’ve made an example of the club with this ruling, which is wholly unjustified and disproportionate, and they won’t go back on themselves for fear of looking weak.
We’re in big trouble financially now, and despite the fact that the hearing made it clear that Everton gained no sporting advantage from the breach, we’re about to suffer massively for it.
