Everton could face another Premier League deduction in points due to a continuing legal battle with the league over financial regulations. This comes after the club successfully challenged a portion of the legal costs imposed on them from last season’s Profit and Sustainability Rules (PSR) case. Despite this partial victory, Everton’s troubles are far from over. It remains embroiled in yet another dispute regarding financial deductions related to their new stadium, as per The Times.
The legal turmoil surrounding Everton began last season when the club was penalized for breaching the Premier League’s PSR rules. Initially, the Premier League sought to make them cover the entire $6.4 million in legal fees for the case. It also saw the club handed a 10-point deduction, later reduced to six points on appeal.
Everton challenged the high legal costs, with their lawyer describing the amount as “frankly eye-watering”. This challenge resulted in the appeal board ruling that the Toffees should only pay $2.2 million. That is approximately one-third of the total. Meanwhile, the league would cover the remaining $4.2 million.
The appeal board concluded that the $2.2 million payment was a “reasonable” contribution to the league’s legal costs. In the judgment, the panel emphasized that no criticism was made of the Premier League or its lawyers.
“In reaching that conclusion, we emphasize that we make no criticism of the PL or its lawyers,” the judgment stated. It also acknowledged that the legal costs associated with this type of commercial litigation are typically high. They added that $2.2 million was a reasonable figure.
Ongoing legal battle over stadium costs
Despite the reduction in legal fees from last season’s case, Everton now faces a fresh challenge regarding their financial dealings. The club is in dispute with the Premier League over $8.7 million in interest payments. There is debate over whether it should feature in PSR…
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Author : Martina Alcheva
Publish date : 2024-09-05 17:17:50
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