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£20m update shows Premier League won’t go easy on Everton with new PSR case looming
Everton are preparing for a third hearing regarding their compliance with Profit and Sustainability Rules – and the latest developments shows that the Premier League won’t be a soft touch.
Under the Premier League’s Profit and Sustainability Rules (PSR – formerly FFP), Everton are allowed to lose no more than £105m over a rolling three-year period.
The Toffees were adjudged to have exceeded that threshold in both the 2021-22 and 2022-23 seasons.
They were handed separate points deductions for each breach. Everton were docked 12 points in total over the course of 2023-24, although the appeals process saw that reduced to eight.
And with Everton stuck in a seemingly perpetual takeover saga involving controversial American multi-club mogul John Textor, the last thing they need is more PSR turbulence.
But the club’s top brass know that another PSR hearing is looking, although the exact date of the arbitration proceedings is not yet known.
READ MORE: Takeover twist could see Everton link with Chelsea’s Todd Boehly via £400m deal
Premier League bolster legal team ahead of Everton hearing
Everton’s latest case with the Premier League relates to the severity of their 2022-23, with the league disputing figures on the capitalisation of loans presented in the club’s audited accounts.
Everton admitted a breach of £16.6m for the season, but the capitalisation of interest payments would see that figure more than double.
And as the extent of the breach has been cited in the Premier League’s two previous rulings against Everton and one against Nottingham Forest, an increased breach will likely lead to a new punishment.
That could come in the form of another points deduction, which would probably be applied this season.
As Everton have started the campaign cataclysmically, a sporting sanction would be wildly unpopular at Goodison Park.
Incidentally, the PSR system is evolve next season to fall in line with UEFA’s model, which limits clubs to spending a set percentage of revenue on wages, transfers and agent fees.
But any optimism that this might make the Premier League more laid back in their enforcement of the existing system appears misplaced.
As relayed by The , the Premier League is set to reinforce its legal department with two new major appointments.
One of those hires will be a new head of legal, whose responsibilities will encompass “managing disputes, often by way of arbitration, with clubs and other third parties”.
It seems likely therefore that this could have a material impact on the Everton case.
TBR Football understands that the Premier League spent over £20m on legal proceedings last season, with that figure set to rise by an order of magnitude this term.
Bramley Moore Dock: The PSR game-changer for Everton?
Everton supporters will be desperate to have turned over a new leaf by the beginning of next season, with a new owner and a new stadium to call home.
While the value of Goodison Park to Everton fans extends well beyond its commercial utility, the ground is one of the least efficient revenue generators in the Premier League.
The club are earning less than £1m per match from the stadium.
For context, Tottenham can turn over a similar figure at their stadium from catering alone.
Bramley Moore Dock will likely generate £40m in terms of matchday income, which is similar to Newcastle United and West Ham.
The stadium will also open doors in terms of sponsorship.
As well as a potential naming rights deal for Everton, the club have already struck three ‘Founding Partner’ deals that have been described as among the biggest in the club’s history.