PREM chiefs will fast-track Everton’s appeal against their latest points deduction — in a bid to reach a conclusion before the end of the season.
The cash-strapped Toffees confirmed they are appealing their two-point penalty for breaching financial rules.
Top-flight bosses are desperate to avoid a scenario where any clubs are celebrating survival before the case has been resolved.
A PL statement said: “The Premier League will be seeking to have the appeal resolved urgently, with the outcome confirmed in advance of May 19, the last day of the season.”
Although there is a backstop date of May 24 — five days AFTER the end of the season — the Prem statement is a signal that Everton will be held to blame if the process drags on that long.
Last week, a three-man commission deducted two points after Everton – who were hammered 6-0 by Chelsea on Monday night – admitted breaching the Prem’s three-year loss limit of £105million by £16.6m to last term.
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But Prem lawyers are querying a £6.5m extra ‘loss’ in Everton’s original accounts and could lead to a THIRD points deduction.
The Toffees claim that relates to “interest payments” on a loan to owner Farhad Moshiri for the new £760m stadium.
This should not count towards their losses under Profit and Sustainability Rules and the club want it dismissed by the Prem.
There is also an ongoing argument over a figure of up to £17m in additional sums which Everton insist should be treated as permissible losses.
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Neither matter will be concluded this season, meaning Everton could face a further points deduction at the start of NEXT SEASON if they do stay up.
Sean Dyche’s Toffees were docked six points in November — reduced from ten after an appeal — for PSR breaches up to the end of the 2021-22 season.
Club lawyers got the second penalty cut from five to two points by arguing that they were being punished twice for losses over two of the same seasons during separate three-year cycles.
Meanwhile, potential club owners 777 Partners were hoping to get an extension to the repayment of a £158m loan to the club’s biggest creditors, US-based MSP Sports Capital.
777 Partners must repay the cash so the Prem will allow them to take over the club.
Premier League chiefs initially imposed a deadline of 5am on Tuesday.
Source: Soccer - thesun.co.uk
