Lyndon Lloyd 14/01/2025 14comments  |  Jump to last

Everton remained within the threshold of the Premier League's profitability and sustainability rules (PSR) for the 2023-24 season and have successfully avoided further charges for now.

Despite widespread speculation that Leicester City might be found to have been in breach of PSR, no top-flight club has been charged for the last financial year.

That means that, to date, only Everton and Nottingham Forest have actually had points deducted for being found guilty of breaking spending rules.

Leicester avoided a penalty last season after challenging a Premier League charge on the grounds they were not members of the league at the time, having been relegated to the Championship, and it appears as though they have not been found guilty this year because if the ongoing legal dispute over their previous charge.

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However, Everton's case regarding the accounting of interest charges related to loans for the construction of the new stadium has still not been heard so the threat of a further deduction remains. 

 

Reader Comments (14)

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Richard Duff
1 Posted 14/01/2025 at 15:55:50
Im pleased that Everton have once again assisted the authorities in fine tuning their policies and making them relevant to all, in turn, protecting the good name and reputation of the fine institutions in charge of keeping the games money in very safe places.

Just as we bravely once offered our striker to accept a ban for alleged diving, which has clearly reduced the number of similar incidents to zero, we have now helped keep all clubs spending within the rules.

Without Everton, there would still be mayhem and no rules, and all clubs from Liverpool that play in blue would be in danger of a points deduction and further punishments. Hurrah for us!

Allen Rodgers
2 Posted 14/01/2025 at 16:34:36
The Sky Six get away with everything but the Premier League have got it in for us.

So I'm convinced, if and when we get clear of the drop zone, they will come back with a charge about the stadium loans. Not out of the woods yet.

Allen Rodgers
3 Posted 14/01/2025 at 16:48:19
To illustrate my point, here are two quotes from BBC Football today:-

1. ''Chelsea have found another unique way to stay clear of trouble – the controversial sale of the Copthorne and Millennium hotels to themselves for £76.5m. That was cleared by the Premier League and helped sustain aggressive transfer spending.''

And 2. ''The Press Association reports a dispute between Everton and the Premier League over stadium interest payments is ongoing.''

Mal van Schaick
4 Posted 14/01/2025 at 16:53:41
The club should keep a close eye on these proceedings and, where possible, ask for disclosure through legal challenges in order to ascertain the truth regarding those clubs who are being shielded or protected by those who are within the Premier League.

Then and only then can Everton discredit this flawed organisation and seek redress in law.

Charles Ward
5 Posted 14/01/2025 at 18:08:59
Chelsea's book cooking ‘earned' them £75M.

Small peanuts when just two players cost in excess of £200M - Caicedo and Enzo Fernandez.

I'm sure there is plenty more financial chicanery to fund the rest of their extravagant purchases.

And to think – hoping that sanctions on Abramovic would eliminate the stench of corruption.

Mike Gaynes
6 Posted 14/01/2025 at 18:10:45
Friedkin is an accomplished movie producer. The Mule grossed $174 million. Maybe he can make a film about this ongoing obscenity which would not only expose the Premier League's odious practices but generate revenue that would move us further away from the PSR red line.

Just spitballin' here, as they say in the biz.

Rob Hooton
7 Posted 14/01/2025 at 18:14:29
I read that Chelsea sold their women’s team to themselves for £150 million - £100 million more than the 8 time women’s Champions League winners were sold for last year.

Corrupt.

Mike Doyle
8 Posted 14/01/2025 at 18:35:37
Perhaps the Friedkins might consider recruiting Chelsea's accountants?
David West
9 Posted 14/01/2025 at 19:06:10
Can't we sell Beto to ourselves for £75M?

Or the hotdog van on Goodison Road? … Gotta be worth £45M at least!!!

Dave Lynch
10 Posted 14/01/2025 at 19:12:43
I'm sure our new owners would have already been made aware of this and researched it fully.
Paul Ferry
11 Posted 14/01/2025 at 19:31:46
If, as Allen (2) believes, ‘the Premier League have got it in for us', then we don't half make it easy for them.

Nasty North Wharf Road always picking on innocent us.

Denver Daniels
12 Posted 14/01/2025 at 19:38:00
Mike G, seeing as Moyes is back, maybe Friedkin could do a reboot/remake of the Magnificent 7th DVD. Not sure how much money it would make though… 😂

(I still can't believe we titled it that! 😔)

Simon Harrison
13 Posted 14/01/2025 at 20:28:45
Hi Lyndon,

Thanks for posting this up. It's great to know that we've not been hit with another PSR charge.

Here is a link to The Boot Room (TBR) with – hopefully – a clearer idea of where Everton are regards PSR and the constraints we currently face in the transfer window;

Kieron Maguire issues £300M red herring claim!

As an aside, not all clubs have been found to have passed this years PSR regulations.

It appears that LCFC (The Foxes) are in private ('secret') arbitration with the Premier League Board.

This is from Sky Sports News:

There was speculation that a number of clubs – most notably Leicester – were in danger of breaching the rules, but all clubs have complied.

Leicester successfully appealed against a points deduction for the period ending 2022-23, arguing that the Premier League could not charge them because they had been relegated to the Championship and were under EFL jurisdiction.

The Premier League has appealed that and an arbitration process is ongoing.

A Leicester statement said: "Issues as to the jurisdiction of the Premier League over Leicester City Football Club in relation to PSR compliance are currently the subject of confidential arbitration proceedings.

"Accordingly, neither the League nor the club will make any further comment at this stage about any aspect of the club's compliance or otherwise with any of the PSR or related rules, save to say that no complaint has been brought against Leicester by the League for any breach of the PSRs for the period ending season 2023-24."

Nottingham Forest and Everton were charged and deducted four and eight points respectively a year ago after breaking PSR rules for the period 2020-23.

Link here;

Premier League PSR news

Also here is a link to a Foxes message board;

LCFC at risk for Season 2024-25 PSR Breach

Eric Myles
14 Posted 15/01/2025 at 01:02:32
Allen #3, not only did Chelsea sell TWO hotels to their new owners, they also sold their women's team to their new owners!!

"Nothing to see here, move along" say the EPL.

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