Everton, a long-standing presence in the Premier League, faces substantial challenges both on and off the field.
Recent reports suggest that the Merseyside club could encounter a severe setback with a looming 12-point deduction from the Premier League due to alleged breaches of Financial Fair Play (FFP) regulations. The league authorities are reportedly advocating for this stringent penalty, adding to Everton’s troubles, given their underwhelming on-field performance, which already places them at risk of losing valuable points. This potential deduction comes at a critical juncture, as Everton narrowly avoided relegation in the last two seasons.
The accusations revolve around FFP violations, with the Premier League asserting that Everton reported losses exceeding the £105 million limit at £371.8 million. An independent panel is currently evaluating the severity of the penalty.
Despite Everton vehemently denying any wrongdoing and citing exceptional circumstances such as the pandemic for their financial losses, the repercussions of a 12-point deduction would be significant.
Complicating matters further, the majority shareholder, Farhad Moshiri, is in talks for the club’s potential acquisition by the American private investment firm 777 Partners. However, the success of this sale hinges on passing the Premier League’s “fit and proper persons test.”
A decision on Everton’s case is expected by the end of 2023, introducing uncertainty and instability over the club, affecting team morale and the overall outlook.
Looking at the potential impact on the Premier League standings, Everton currently sits in the 16th position after a recent defeat to Liverpool. With only seven points and a 12-point deduction, they would fall to -5 points, dangerously close to the relegation zone. While they would be ten points adrift of safety, their position above Sheffield United would remain by a slim margin of six points.
Facing challenging fixtures against West Ham United, Manchester United, Newcastle United, Chelsea, Tottenham Hotspur, and Manchester City, Everton’s predicament could worsen by Boxing Day. The uncertainty surrounding the potential penalty casts a shadow over the club’s immediate future, with ramifications extending beyond the playing field.
