The Premier League has referred Everton to an unbiased fee for alleged breaches of monetary honest play guidelines final season, it mentioned on Friday with out giving particulars.
Everton mentioned in a press release that the membership was disillusioned with the choice.
“The club strongly contests the allegation of non-compliance and along with its independent team of experts is fully convinced that it complies with all financial rules and regulations,” it mentioned.
“Everton is ready to vigorously defend its place in entrance of the fee.
“Clubs have provided information to the Premier League in an open and transparent manner over a number of years and have consciously chosen to act in the utmost good faith at all times.”
Everton completed sixteenth final season to keep away from relegation from the 20-team league. They are once more struggling to maintain up this season and are at present in fifteenth place, simply three factors away from bottom-placed Southampton.
Under Premier League guidelines, groups can lose a most of 105 million kilos ($128.28 million) over three years, though particular allowances have been made for the COVID-19 pandemic.
Everton have recorded complete losses of round £372 million within the final three seasons.
The membership, majority owned by Farhad Moshiri, has attributed a minimum of 170 million kilos to the influence of the pandemic.
With inputs from TheIndianEXPRESS
