17/01/2025 63comments  |  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:

“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 (63)

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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 new! So can we spend now to get the fans singing again...

5 gold rings
4 good officials
3 points for winning
2 pacey wing backs
And a striker in good form

I 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 Premier League 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 Premier League 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 Premier League have seen sense on this.

I just hope it is not a pre-emptive part on the Premier League 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, I 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 Premier League 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's 2023-24 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 they've already docked us for what was about a $23M overspend and there's about $6.5M still disputed.

In light of the fact that Man City and others still haven't been penalised by the Premier League 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 they are.

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 @24,

No-one knows our PRS situation other than hopefully our Chairman and Finance Director (if we have one) but my hunch is that:

1) Dyche's 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 us 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…

Ed Prytherch
51 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.
Brian Wilkinson
53 Posted 18/01/2025 at 11:37:14
Has anyone else noticed the price of tickets for the 4th round cup game

Adults gone up from £20 to £35
Senior up from £10 to £25

Disgusting how they can justify almost doubling prices for adults and over double for seniors for a 4th round tie.

Brian Williams
54 Posted 18/01/2025 at 11:43:22
I think it depends on the opposition Brian.
With Bournemouth being a premier league club the price has been hiked accordingly.
Michael Kenrick
55 Posted 18/01/2025 at 11:44:59
Seems this is not definitve enough for this Stefan Borson bloke:

Borson insisted no one appears to have information on whether the capitalisation case is still ongoing.

“On the face of it, Everton not breaching for 2023-24 gives a strong indication.

“The Premier League position as it seems to be from the 2022-23 situation is that Everton have incorrectly deducted for the sake of discussion £25M of stadium interest.

“The Premier League's position on 2022-23 is that they should fail 2022-23 PSR by another £25M. The numbers are not exactly right, but that's just for the sake of discussion.

“It seems that remains outstanding and nobody in the game can confirm one way or the other, neither Everton nor the Premier League or any journalist you speak to.

“Nobody has got any information about what's happened to this case, but it doesn't seem to have just been swept away. It does seem to still be live and active.

“If it is live and active and the Premier League's position still remains that they were £25M short for 2022-23, you would have thought logically that the Premier League's position would be to include the £25M in the assessment for 2023-24.

“You would have thought that would have tripped Everton into another breach, pending the resolution of this interest case, meaning if they win the interest case, they would win 2022-23 and get back to the position they thought they were in for 2023-24 that they didn't breach.

“It doesn't seem like that is what has happened and we don't know why.”

I refer me learn'd shit-stirrer to the statement made some moments ago:

“The Premier League Board has concluded that it would not be appropriate or proportionate to continue to pursue the second part of their complaint.”

There's even a legal document, the Commission's Consent Award, recording the terms on which the second part of the case has been discontinued.

Ian Wilkins
56 Posted 18/01/2025 at 12:37:04
Agree, Michael, annoying little City apologist Borson.

Somebody shut him up.

Alastair Donaldson
57 Posted 18/01/2025 at 12:56:15
The whole wretched affair just leaves a really bad stink and was largely the result of a number of significant factors, the War, Covid, Political pressure being three we had no control over.. the internal issues and lack of strong leadership at a crucial time we did.

The temerity to build a new stadium is primarily what I think we've been punished for and that should have brought far more understanding and cooperation from the Premier League. I still look at a transfer net spend of c.£150M over nearly 10 years as another strong indicator which should have been considered in the round.

Pleased we can move on as this has been a shameful period highlighting how inept and likely corrupt most regulators like the Premier League are (and also in a wider context).

Unfortunately it's all about the money.

Olalekan Taofik
58 Posted 18/01/2025 at 13:38:32
I am pleased with that.

Let's just go back to the pitch and move up the table. If we can finish up to 7th to begin next season in Europe on our new stadium.

Everything is possible in football!

Allen Rodgers
59 Posted 18/01/2025 at 15:15:50
Brian @54 after Bournemouth's performance today the price might get hiked again !
Paul Birmingham
60 Posted 18/01/2025 at 15:31:10
It's one of the pressure kegs, lifted off the pitch, and very pleasiing.

Hopefully next month the book, will be thrown at City, and they get the punishment for 16 years of fudging their books.

Now for Everton to build up a strong base for improving the 1st team squad.

UTFTs!

George Stuart
61 Posted 19/01/2025 at 07:42:20
I see Man City are rumoured to be interested in strengthening their squad with some kid or other.

Business as usual.

James Hughes
63 Posted 24/01/2025 at 08:08:28
I see Manure are at risk of PSR/ FFP and are writing to fans, about time as they also have £1billion debt:

Link

Brendan McLaughlin
65 Posted 13/02/2025 at 20:34:09
PSR to remain for another season according to the BBC.
Eric Myles
66 Posted 14/02/2025 at 10:47:26
Eric Myles
67 Posted 14/02/2025 at 12:27:45
And with no sponsor we could be back in touble again.

Stake

"Clubs will be expected to carry out sufficient due diligence to assure the Commission that consumers cannot transact with the sites from Great Britain by any means," it said".

Although why should the Club be responsible for disabling access to the internet???


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