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Manchester United’s next opponents Everton have been guilty of Financial Fair Play (FFP) breaches, leading to a 10-point deduction for Premier League stalwarts.
After the international break, United are due to continue their Premier League campaign against Everton at their iconic Goodison Park Stadium on Sunday, November 26 (4.30pm). However, there is some uncertainty around the Toffees after they were formally reprimanded amid financial concerns.
Everton are the first Premier League to be guilty of such allegations. The club and the governing body have issued statements regarding the news.
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A statement issued via the Premier League said: “An independent committee has imposed an immediate 10-point deduction on Everton FC for breaching the Premier League’s Profitability and Sustainability (PSR) rules. It concluded that a sporting sanction in the form of 10 points merits deductions. “
The full statement can be found on the Premier League website. Part of a reply from Everton read: “Everton Football Club is both shocked and disappointed by the ruling of the Premier League’s commission. The club believes that the commission has imposed a wholly disproportionate – and unjust – sporting sanction.
“He has already indicated his intention to appeal the decision to the Premier League. “
Faced with the allegations, Everton was referred to an independent commission in March, and that procedure took 8 months to reach a verdict; First of all, there was an idea that it would be broadcast in a few weeks. At the time, the club denied any wrongdoing and was “ready to vigorously defend” its position.
According to Everton’s most recent monetary accounts, published in March, the club had made losses totalling £372 million over its last three seasons. Clubs stand to lose £105 million over a three-year period to comply with the FFP guidelines.
The Covid-19 pandemic has given clubs room for manoeuvre due to the loss of revenue streams due to access revenue, for example. Everton have pointed to this as one of the main contributors to their scenario and have attributed around £170m in losses to the pandemic. .
Breaches over a three-season period including the 2021/2022 campaign, in which the Toffees remained in the top flight by four points, were looked into by the commission.
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