HomeBusinessEPL: Everton hit with £35m ruling over financial rules breach

EPL: Everton hit with £35m ruling over financial rules breach

Everton have been told to pay Burnley £35 million in compensation following a landmark ruling linked to breaches of the Premier League’s profit and sustainability regulations (PSR).

The case, heard by a Premier League commission, relates to the 2021/22 season, when Everton were found to have exceeded permitted financial losses over a three-year assessment period.

Read Also: Everton report £53m losses amid takeover, stadium costs

Burnley argued that Everton’s breach had a direct impact on their survival in the Premier League and sought damages for the financial consequences of relegation.

The commission awarded the Clarets £26 million in damages, alongside a further £9 million in interest, taking the total compensation to £35 million.

Everton have confirmed they will appeal the decision, insisting the ruling is “fundamentally flawed in both law and fact” and warning it could set a “dangerous and unworkable precedent” for English football.

Related News

The

This post was originally published on this site.

RELATED ARTICLES
- Advertisment -spot_img

Most Popular

- Advertisment -spot_img
- Advertisment -spot_img