The Premier League are facing the extraordinary prospect of being sued for £200million by Leeds or Burnley for failing to uphold their own financial rules.
The two relegation-threatened clubs wrote to the Premier League last week warning that they reserve the right to take legal action due to their failure to take any action against Everton for the club’s extravagant spending, which has led to them posting losses of £371.8m over the last three years.
Sportsmail revealed last month that Everton’s relegation rivals were preparing to take legal action due to what they regard as a flagrant breach of the Premier League’s profit and sustainability rules, which limit clubs to losses of £105m over three years, and with the final league positions to be determined this weekend after Frank Lampard’s side ensured their survival with a stunning 3-2 win over Crystal Palace on Thursday night they have sprung into action.
Comments
But, just like 2007, nothing will happen other than a fine. It’s shameful.
A point deduction for every 1 million overspend should be written into the rules.
They surely cannot ignore such blatant cheating.
They should be given a punishment that actually means something which realistically can only be a points deduction.
If you overspend by 10m over the 105m loss limit and are deducted 9 points, there's no way you should still only be deducted 9 points if you overspend by 300m. Even allowing for the losses they said were due to covid, they still have losses of over 200m, that's crazy.
Also whilst i get why it was Burnley and Leeds complaining, i don't understand why other PL clubs aren't making more of a fuss of this.
They shouldn’t have to, but they would be wise to think about that now and push for points deduction against Everton and set the precedent.
Burnley owners seek more loans to help the club cope with debt (msn.com)