Sunday, December 04, 2022

Burnley, Leeds demand EPL action over Everton deficit

Burnley, Leeds demand EPL action over Everton deficit

LONDON ( Associated Press) — Relegation-anticipated Burnley and Leeds have asked the English Premier League to form a panel to decide whether Everton should be penalized for breaching financial rules to help the team regain its top-flight. to maintain the position.

A joint letter from Burnley and Leeds was sent a week ago calling for an independent commission for the league to investigate Everton’s financial losses, a person familiar with the request told the Associated Press. He spoke on condition of anonymity because he was not authorized to publicly discuss the contents of the confidential correspondence.

Everton sent the letter on Thursday night before securing league survival with one game. Burnley and Leeds are trying to avoid a third and final team exit on the final day of the season on Sunday.

Relegation rivals want to know where the league stands in the investigation into Everton’s £371.8million ($464m) loss over the past three years. The league allows clubs to record losses of only £105 million ($131 million) over three years.

Burnley and Leeds want the independent commission to recommend any disciplinary action against Everton, which could include a points deduction that removes the club if financial rules are breached.

Everton blamed the “dramatic and ongoing financial impact of the COVID-19 pandemic” for its latest losses when it published its annual financial report in March. It said it was “working formally with the Premier League regarding profitability and ongoing compliance with sustainability rules.”

The Times of London, which first reported on Burnley and Leeds’ complaint, reported Everton’s losses during the period of the pandemic were more than three times that at clubs of similar size, where fans were unable to attend most games.

The league declined to comment.


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