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Everton forced to compensate Burnley with £35m for financial breaches
Everton have been ordered to compensate Burnley £35m for breaches of financial rules. The Liverpool club has announced its intention to appeal against the decision.
Everton have been told they must compensate Burnley £35 million due to the impact of breaches of the Premier League's financial rules. The case, heard by a Premier League panel, covers the 2021-22 season, when Everton were found guilty of breaching Profit and Sustainability Regulations (PSR) over a three-year period. Burnley argued that the breach affected their chances of remaining in the Premier League, seeking compensation for relegation-related losses.
In a statement, Everton expressed surprise and anger at the decision of the Premier League's Independent Disciplinary Commission, which ordered a payment of compensation to Burnley in relation to Everton's PSR breach in June 2022. The club said it has appealed the decision, believing the verdict to be fundamentally flawed both legally and factually.
Everton does not recognize the panel's findings that Burnley's relegation from the Premier League in May 2022 was caused by a sporting advantage gained by Everton due to a breach of profit and sustainability rules. The club has already received a substantial sporting fine for this reason.
This ruling sets a dangerous and unworkable precedent for English football, as it is based on the principle that a club can breach financial rules at any time in a financial year. Everton are confident that the appeal will be successful and remain committed to complying with the PSR regulations. The club has also received confirmation from the Premier League of its clear position: this ruling is not expected to result in further PSR sanctions in the future. Everton fans can rest assured that the owners are focused, with renewed determination, on the goal of returning Everton to the top of English football. No further comment will be made on this matter until the appeals process is complete.
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