Soccer
  • Home
  • Football
  • Leeds And Burnley Urge Premier League To Investigate Everton’S Financial Losses

Leeds and Burnley urge Premier League to investigate Everton’s financial losses

Relegation rivals Leeds and Burnley have written to the Premier League accusing Everton of breaching financial rules.

The joint letter was sent on May 13, with both clubs asking for an independent commission to investigate Everton's financial situation within six weeks of their correspondence. 

Leeds and Burnley have threatened to start legal proceedings and bring about a claim for substantial damages against Everton and the Premier League after the Merseyside club reported losses of £370million over the last three years.

According to the Premier League's profit and financial sustainability rules, a club can lose a maximum of £105million over a three-year-period. Should there be a breach of such rule, a club could face sanctions - including possible points deductions for serious breaches.

Leeds and Burnley are urging the Premier League to enforce its own rules if Everton are found guilty of financial breaches. The Toffees, however, say they have compiled with the rules.

All three clubs have been involved in the relegation battle in recent weeks, with Everton become the first of the bunch to secure their top-flight status courtesy of their 3-2 win over Crystal Palace.
Losses forced on by the Covid-19 pandemic are allowed to be written off, but that hasn't stopped Leeds and Burnley from raising concerns.
Everton's financial losses as a result of the pandemic were more than three times that of other similarly-sized clubs.
The Toffees announced last March that £170million of their losses were related to the pandemic.

Despite this, the club were one of the standout spenders during the recent January transfer window, signing the likes of Vitaliy Mykolenko, Nathan Patterson, Dele Alli and Donny Van de Beek on loan.

An Everton spokesperson told the Times: "We have worked so closely with the Premier League to make sure we are compliant we are comfortable we have complied with the rules.
"External auditors have told us what we can and cannot claim against the pandemic.
"If they want to take legal action then they can do so by all means."
Should concerns transpire into concrete action, the Premier League could see it's biggest legal challenge in 15 years.
Back in 2007, West Ham paid £20million to Sheffield United after breaching third-party rules in signing Argentine Carlos Tevez.

READ MORE: Chelsea’s Todd Boehly fails to make top 50 richest owners list; Newcastle join Man City in top 10

More Articles