Season › 2024-25 › News Everton cleared of outstanding PSR charge Lyndon Lloyd 17/01/2025 58comments | Jump to last Everton are now clear of all remaining charges regarding profitability and sustainability rules (PSR) after the Premier League discontinued the outstanding case relating to stadium interest payments. After being deducted eight points last season for two separate charges of breaching spending rules, the Club were still potentially facing a further hearing regarding the capitalisation of loans that were taken out to fund the continued construciton of the stadium at Bramley-Moore Dock. Those charges have now been dropped and with Everton having already been deemed to be compliant for the most recent financial year, the Club is now free of the threat of futher censure. A statement from the League said: Article continues below video content “The Premier League Board has concluded that it would not be appropriate or proportionate to continue to pursue the second part of their complaint.” Reader Comments (58) Note: the following content is not moderated or vetted by the site owners at the time of submission. Comments are the responsibility of the poster. Disclaimer () Brent Stephens 1 Posted 17/01/2025 at 15:10:03 PSR case dropped against us. So much for the Premier League being out to get us. Paul Hewitt 2 Posted 17/01/2025 at 15:12:19 I think TFG have probably had a word, Brent. Brent Stephens 3 Posted 17/01/2025 at 15:13:42 Paul, what's your reasoning? What power do TFG bring to this? Paul Hewitt 4 Posted 17/01/2025 at 15:19:18 Good news. Just a pity Leicester got away with it. A points deduction for them would have been a big help. John Raftery 5 Posted 17/01/2025 at 15:19:51 Good news. At long last we can perhaps now start the long process of rebuilding the playing squad. Tony Abrahams 6 Posted 17/01/2025 at 15:20:10 TFG need to start showing a bit of innovation – like another club from London that also play in blue, if they can't spend any money due to PSR. We will soon see if Moyes is better than Dyche though; when Dyche came in 2 years ago, I thought Everton were doomed, whereas the club has a fighting chance now…A couple of players are imperative, just like I thought they were when Dyche arrived. Will we ever get out of the nightmare? Brent Stephens 7 Posted 17/01/2025 at 15:21:12 Perhaps we were clean all along on this charge?Or have the Premier League been kind to us? Which would run totally counter to so much of the previous narrative that the Premier League have got it in for Everton. Winston Williamson 8 Posted 17/01/2025 at 15:23:28 Brent, or the Premier League had it in for Moshiri and not Everton. His links to Russia must have been uncomfortable in certain corridors of power… Brent Stephens 9 Posted 17/01/2025 at 15:24:54 I love a conspiracy, Winston. So, why not. Peter Mills 10 Posted 17/01/2025 at 15:27:23 Or are the Premier League just tired of the whole thing and want to wipe the slate clean, perhaps giving Man City a fine but no points deduction? Jack Convery 11 Posted 17/01/2025 at 15:28:08 Given the kid gloves they've used on Chelsea and Man Utd, I reckon they daren't come after us again, Otherwise our charge as fans "Premier League Corrupt" would be proven. Still sticks in my craw that Everton are always first to get a negative decision against them. Yet again, another nailed-on penalty denied vs Villa. Ref an absolute disgrace. Where do they get them from?As Dyche used to say "You can smell it". I wouldn't trust any of them to sit the right way on a toilet. Christine Foster 12 Posted 17/01/2025 at 15:28:12 They are still corrupt. Is this a set up to exonerate Man City? Christine Foster 13 Posted 17/01/2025 at 15:34:41 Jack, is there a wrong way to sit on a toilet? Lol Fred Quick 14 Posted 17/01/2025 at 15:43:18 Very welcome news, but it does leave a bad taste, that other clubs who have undoubtedly gained a sporting advantage, will likely negotiate a fine to pay for their own transgressions.Their owners can afford to pay the price, even though the Premier League told us we couldn't be fined, because we had a rich owner and that might encourage other clubs with rich owners to break the rules. Chelsea in talks to settle secret payments case without points deduction Iain Johnston 15 Posted 17/01/2025 at 15:45:00 Of course we've been cleared. We're no longer owned by Usmanov's money launderer, the Premier League's last link to Oligarchs. Dave Lynch 16 Posted 17/01/2025 at 15:49:41 I said a few weeks ago, I couldn't see a point deduction.TFG have done their homework and will have wanted guarantees of no further recriminations.Great news. Stephen Davies 17 Posted 17/01/2025 at 15:51:17 Everton can confirm the Club has resolved all outstanding Profitability and Sustainability Rules (PSR) charges brought by the Premier League.The Premier League has formally discontinued the second part of the PSR complaint for the period ending FY23 and has deemed the Club PSR compliant for FY24. Mal van Schaick 18 Posted 17/01/2025 at 16:01:38 The Premier League shysters have let us off because Everton have enhanced the league with a new stadium to drive their advertising and ambitions.No way should Everton allow this to cloud the Man City breaches. Jay Harris 19 Posted 17/01/2025 at 16:07:36 They have run out of budget for legal fees which are now being exhausted by Man City. Christine Foster 20 Posted 17/01/2025 at 16:13:24 The Premier League lost the battle of self regulation with the pending appointment of a football regulator. As such, the need to be seen as tough has gone; with it will go the sanctions. Will we see Man City punished? Points deductions or relegation? I think the blanket PSR compliance, this and probably Leicester will pave the way for a smack on the wrist and a hefty fine... after all, it's only 115 charges! Pat Kelly 21 Posted 17/01/2025 at 16:27:50 VAR has just overturned the Premier League decision. Jim Wilson 22 Posted 17/01/2025 at 16:28:58 The whole thing has been a disgrace.Did we go over our spending limit? Yes, but there were valid reasons for it and, if it we were any other club, we were fine.As for the punishment, it was astonishing that a made-up on-the-spot points deduction was allowed to be given.But rest assured the Premier League are determined to get points off Everton via the match officials. If Onana was still in blue, he was off the other night. And we now need more than two fouls on our players in the penalty area to be given a penalty.Until the club goes for the Premier League, it will continue, game after game. Derek Knox 23 Posted 17/01/2025 at 16:31:37 Christine, handstands are not recommended especially if you have the runs ! :-) Mike Gaynes 24 Posted 17/01/2025 at 16:37:58 Anybody know how this impacts our status in the current window or the summer? Bob Kerr 25 Posted 17/01/2025 at 16:43:01 Does this mean that the Burnley compensation claim has also been dropped? Allen Rodgers 26 Posted 17/01/2025 at 16:46:30 The Daily Mail scribes will be disappointed. Headline will likely say ''Everton get away with it''. Neil Gribbin 27 Posted 17/01/2025 at 16:48:26 The thing that still grips me, is the first inquiry said we had been dishonest, which was then rebuffed by the second inquiry. I'd be demanding a public apology for that thing alone. Gavin Johnson 28 Posted 17/01/2025 at 16:53:47 I should think so after Leicester got away with going way over.I bet Stefan Borson is fuming. Rob Dolby 29 Posted 17/01/2025 at 16:59:26 Brent, Are you saying that the PremierLeague haven't had it in for us? Brent Stephens 30 Posted 17/01/2025 at 17:06:30 Rob #29. No. I'm saying perhaps we were clean on this charge. Shaun Parker 31 Posted 17/01/2025 at 17:08:10 Can we now go after that wanker Masters and get him removed from the role!!! Colin Glassar 32 Posted 17/01/2025 at 17:11:44 We were used as whipping boys to set an example. Masters and Co had no intention of punishing anyone else. Paul Ferry 33 Posted 17/01/2025 at 17:26:30 Perhaps, at long last, we can now put the daft North Wharf Road plotting behind us. We created this situation with our juvenile amateur financial (any kind of) mismanagement. Gradually, Kenwright's debris is being cleared up.All we have to deal with now is the imminent threat described for us all by Sean Kearns of this parish; that North Wharf Road has decided to "sacrifice" us by giving us as a gift to the Championship in compensation for their inequitable redistribution of profits. Brent Stephens 34 Posted 17/01/2025 at 17:37:49 Aye, Paul. All those predictions of doom. The narrative has now changed in order to explain how the EPL has it in for us. Thank God the EPL are scared of TFG!! Paul Ferry 35 Posted 17/01/2025 at 17:49:54 Well, Brent, you can now look forward to a new ground, season, and players. There is a narrative that many on here will not like one bit: that we were - in proper tragic mode - the main authors of our own misfortune, recognised this and adopted a reconciliatory posture, were made to suffer by North Wharf Road who have now dropped the second charge in the best interests of everyone concerned.No conspiracy. No plotting. Just a badly run club being taken to task and finally getting a break.Thank goodness that we will now we hope be able to take full advantage of the potential of new ownership. Liam Mogan 36 Posted 17/01/2025 at 18:00:27 I'm not sure about the whole conspiracy angle, but there's definitely a pizza shop in Washington DC where members of the illuminati plot on a weekly basis the downfall of Everton FC and as a result the whole human race, with the aim of bringing in Human Race V.2 and Everton V.2. TFG are willing pawns in it and if you take an anagram of Friedkin, add loads of letters and take loads away then you get 'Great Reset'. Andrew Merrick 38 Posted 17/01/2025 at 18:08:50 Good news So can we spend now to get the fans singing again...5 gold rings4 good officials3 points for winning2 pacey wing backs And a striker in good formI know it's new year, but we all had Xmas wishes... Brian Williams 39 Posted 17/01/2025 at 18:15:08 Nice one Michael/ Lyndon. 👍 Brent Stephens 40 Posted 17/01/2025 at 18:17:07 Not true, Ricky. I consistently called out the EPL for their shortcomings and will continue to do so where relevant. I also consistently called out Everton for their errors. And will continue to do so where relevant.It's not always the case that only one party has all the merit on its side. Sometimes both sides can cock up - the EPL did and we did. Brendan McLaughlin 41 Posted 17/01/2025 at 18:20:30 Think the Premier League reckoned with Everton taking Moyes back that was punishment enough. Simon Harrison 42 Posted 17/01/2025 at 18:23:23 Andy [38] I'm going to type that out and print for watching at home! Hehe, very good indeed!Lyndon, thanks for posting this clear dropping of the charges, as there were many differing opinions. e.g. Joe Thomas, Paul Joyce, Stefan Borson, and Kieran Maguire et al...I was wondering if you have seen or had any information regarding the ongoing Premier League Board vs LCFC arbitration at all?I think that the PLB will be desperate to 'catch out' the Foxes for them running loop-holes regards PSR previously regards Jurisdiction. I also think that LCFC has some pretty savvy Legal representation, so let battle commence!I see there is still nothing close to being announced re City.Also, I'd love to see the logic (sorry, legal reasoning) behind CFC and MUFC decisions not to penalise them? Is it the associated clubs ownership groups, or is it their 'Global' appeal; and by punishing those teams, it could be construed by the PLB as shooting at the Golden Goose that the PL is? Or am I being cynical (or maybe naïve?)Maybe one season we will get more than two penalties? (if that?) Steve Dowdeswell 43 Posted 17/01/2025 at 18:33:50 Good to hear that the PL have seen sense on this.I just hope it is not a pre-emptive part on the PL to clear Man City and others still being looked at for dodgy dealings. Ricky Oak 44 Posted 17/01/2025 at 18:39:04 Of course Brent, humble apologies, my compliment was off target, Am 100% with Jim W, Colin G, and faf, Brendan M. Wishing all blue noses a positive upbeat Lazarus style upturn, and a peaceful goodnight. Not great at these social skills. UTFT. Davey got a touch of the collina eyes or no... Matt Byrne 45 Posted 17/01/2025 at 18:39:36 Steve D. 43. Sadly, I think you've hit the nail on the head. They want the City problem to go away so want to bury any news about points deductions. Everton just the fall guys from last season. Ernie Baywood 46 Posted 17/01/2025 at 18:48:17 I think we had belatedly changed our accounting treatment of interest charges and capitalized them against the stadium? If so, that was always going to be a stronger case than what we previously did - argue a loan was for the stadium when it had "not for the stadium" printed on the front of it in big letters.The PL were a mess with these processes. Ill thought out and sanctions worked out on the fly. But our leadership were responsible for the poor financial management of the club and the risks they took that threatened not only PSR sanctions, but the ability for the club to continue to operate. PSR might have actually saved us. Chelsea have shown how easy it is to avoid charges using transactions and creative accounting. Yet we were selling sob stories about Gylfi's mental health, COVID, and how unlucky we were to be entirely funded by an Oligarch.Thankfully it's all behind us now. New owner, new stadium... there's a chance to actually run this club properly. Jerome Shields 47 Posted 17/01/2025 at 18:56:37 It appears that the Financial input of the Friedkin Group has been accepted as rectifying Everton 23/24 Financial Results, which could not have been good.The previous years PSR overhangs seem to have been written off by the Premier League as well, including Compensation.If money is coming into the Premier League the Premier League can sort out any problems. It has always been like that. Craig Scott 48 Posted 17/01/2025 at 19:18:12 I think the words “appropriate” and “proportionate” infer that they recognise that theyve already docked us for what was about a $23M overspend and theres about $6.5M still disputed. In light of the fact that Man City and others still havent been penalised by the PLB for alleged breaches far in excess of that, it would have made it even more of a farce than it already is if they continued to pursue Everton for another paltry $6.5M. Just shows what a corrupt or incompetent shower the PLB is. Bobby Mallon 49 Posted 17/01/2025 at 19:24:27 Just very good news. Now let's get a striker and a decent playmaker Mark Taylor 50 Posted 17/01/2025 at 19:34:12 Mike 24No-one knows our PRS situation other than hopefully our Chairman and Finance Director (if we have one) but my hunch is that1) Dyches removal and pay off leaves us with too little January headroom to take a risk on anything other than loans or frees, and even then, with an eye to total wage bill and 2) The position changes in summer where a reasonable forecast can be made as to the incremental revenue accruing from the stadium, especially if a name sponsor is lined up for it and the loss of many fairly expensive out of contract players will give is a fair amount of leeway to do a fairly substantial squad refresh. In fact I think that will be a necessity, with the idea that we bring in players much more useful to us on the wages the outgoing were paid. Or more of them on the same total wages. So it is over to Thelwell (or whoever replaces him) but this time, with at least more than a shilling in his pocket Paul Hewitt 51 Posted 17/01/2025 at 19:38:35 RIP Dennis Law. Liam Mogan 52 Posted 17/01/2025 at 19:40:55 Another legend gone. RiP The Lawman Colin Glassar 53 Posted 17/01/2025 at 19:43:57 Met Dennis a few times. A great footballer and a real gent. I also had the pleasure of seeing him play at Goodison alongside Charlton, Best and co. Liam Mogan 54 Posted 17/01/2025 at 19:47:13 Yes nice fella Colin. Was an acquaintance of my father-in-law over here in Huddersfield. Very unassuming. Mike Gaynes 55 Posted 17/01/2025 at 19:47:53 The first "soccer" book I ever read as a high schooler had a fantastic cover photo of Denis Law twisting in the air to volley a shot at goal. I have never forgotten that image. I only wish I'd seen him play. Joe McMahon 56 Posted 17/01/2025 at 19:55:10 Echo above comments about Dennis Law. I met him briefly in the late 90s, and he was very happy to talk. A lovely man and a real legend of football.In my dad's few last days we spoke about the greats, he said Ball, Bell, Law.and of course Bobby Charlton. Ed Prytherch 57 Posted 17/01/2025 at 20:12:23 A great player. I saw him when Man City played Bolton at Burnden Park around 1960. He got some rough treatment from John Higgins and was booked when he retaliated. My dad loved him when he signed for City but was not happy when he went to Man U. Dave Abrahams 58 Posted 17/01/2025 at 20:31:44 Mike (55), Only just heard about the demise of one of my favourite footballers Dennis Law, what a player in every part of the field. Everton came in for him as a young player with Huddersfield Town but he went Man.City, I loved the way he fought for every ball then the class and style he had when he got it, the goals he scored and assisted in.Dennis was an extrovert on the field with the ball and without it, arguing the toss with with anyone including referees but quiet and reserved off it.Mike Id love to see that photo of Dennis scoring that volley while twisting in the air———he scored one like that v Everton at Old Trafford in a night game, I dont think it was on TV but I was at the game and with Unt. 2-0 up near the end of the game David Herd the Unt. striker with a terrific shot in him hit one across the gaol, not sure if it was a shot or a centre, but it went right across the goal, Gordon West just left it looked like it was going behind for a goal kick when Dennis flew through the air and volleyed it home, absolutely astonishing and amazing, you just had to admit what a great goal it was even if it meant us losing 3-0.Dennis was a player and a half, no cancel that make it a player and seven eighths! Edward Rogers 59 Posted 17/01/2025 at 20:36:17 R.I.P. Denis Law, wonderful player.Oh, to have someone like him upfront for Everton. Add Your Comments In order to post a comment, you need to be logged in as a registered user of the site. » Log in now Or Sign up as a ToffeeWeb Member — it's free, takes just a few minutes and will allow you to post your comments on articles and Talking Points submissions across the site. How to get rid of these ads and support TW © ToffeeWeb