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Everton, who dropped down the Premier League table in November after suffering a record 10-point penalty, face the possibility of a second penalty for a fresh breach of the competition’s financial rules.
Everton confirmed the new incident in a statement on Monday, with second team Nottingham Forest also accused of breaching the league’s so-called profit and sustainability regulations. This rule is designed to ensure teams do not overspend or jeopardize their financial future in order to maintain their place in the Premier League, one of the richest domestic sporting competitions in the world. Formulated.
The Premier League said the cases would be heard by a separate, closed-door committee that operates independently of the league. The commission said it would decide on any penalties, including fines, demerit points and other restrictions.
The new accusations could not have come at a worse time for Everton, a founding member of the Premier League and currently on the brink of financial collapse. The deal to sell the club to US private investment firm 777 Partners remains in doubt, months after the club’s current owner, British-Iranian businessman Farhad Moshiri, announced the sale last year.
A penalty would also significantly increase the risk that Everton and Forest face financially ruinous relegation from the Premier League at the end of the season, when the bottom three teams are relegated to the Second Division Championship each year. Forest currently sit 15th in the 20-team Premier League, two places above Everton. A significant points penalty would immediately drop both teams to the bottom three.
In a statement, Everton admitted the new charges but criticized the Premier League’s process for threatening to hand the team a second penalty before his appeal against the first penalty was heard. “The club believes this is due to a clear flaw in the Premier League rules,” the club said.
“Everton reassures fans that it will continue to defend its position during the appeal period and if required to do so before any future committee, and that the impact on supporters will be reflected as part of that process. I can guarantee this to the fans.”
The lawsuit against Everton, a founding member of the Premier League who were last relegated in 1951, and former two-time European champions Forest forms part of the league’s new rules on how financial litigation will be handled. The expedited process was created last year amid long-standing complaints about the sometimes glacial pace at which investigations into the league’s teams, including some of the world’s wealthiest clubs, are completed.
Under the revised rules, the league will require its 20 member teams to submit updated financial data by Dec. 31, after which it will review violations within 14 days. The case against Everton and Forest, including any appeals, must be concluded by the end of May, which would result in any penalties being imposed on the teams’ points tally this season.
Everton were handed a 10-point penalty in November, the biggest penalty in Premier League history, infuriating many of the club’s fans who said they were unfairly targeted. The league remains under pressure to conclude new legal action against repeat champions Manchester City, who were accused of 115 breaches of the rules last year, and Chelsea, who last year self-declared transfer-related payments by their former owner. . Russian oligarch Roman Abramovich.
The new expedited financial investigation process only covers violations of financial stability regulations. Under the rules, clubs must limit their losses to a maximum of 105 million pounds (about $133 million) over three years.
Forest’s allowable losses were limited to £61 million (approximately $77 million) as the team played in the Championship during the first two seasons of the evaluation period.
Nottingham Forest said in a short statement: “The club will continue to cooperate fully with the Premier League on this matter and is confident of a swift and fair resolution.”
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