The Premier League has sent Everton to an independent commission because it is said to have broken the rules about financial fair play. The Premier League didn’t say what the club did wrong, but they did say that it happened in the time period that ends with the 2021-22 season. But Everton has lost money in several of the last few seasons.
Everton: Premier League refers team to independent committee over financial rules infringement
The Toffees said they didn’t do anything wrong and were “ready to defend” their position vigorously. Everton said, “The club strongly contests the allegation of non-compliance, and together with its independent team of experts, it is sure that it is still following all financial rules and laws.”
“Over the course of several years, the club has given the Premier League information in an open and honest way and has always chosen to act in the best possible faith.” Everton said in March 2022 that they would lose £120,9 million during the 2020-21 season. That meant that over three years, they lost a total of £372m, more than three times the amount allowed by Premier League rules, which is £105m.
The club said that owner Farhad Moshiri kept them “in a secure financial position” and that the Covid-19 pandemic was to blame for some of their losses. Everton is also building a new stadium called Bramley-Moore Dock. They are still in a dangerous spot in the top league. They are 15th in the table, just two points above the bottom.