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Why the PSR are inappropriate for the Premier League, as demonstrated by the ongoing Everton appeal
In practical terms, there’s minimal action taken to stem a club’s financial decline. However, one tangible and crucial advantage persists, potentially explaining their continued use.
Yet, to underscore the absurdity of these regulations, the penalty imposed on Everton is poised to incur further financial losses for the club. Quite ironic for a concept supposedly promoting sustainability.
So, how much is Everton anticipated to lose with their ten-point deduction?
Despite the fact that the manager, players, and fans bore no
responsibility for the extravagant overspending, the Premier League opted for a sporting sanction,
penalizing the club for the actions of Farhad Moshiri,
who is now seemingly attempting to exit, leaving the club in disarray. The ten-point deduction dropped Everton back into the relegation zone.
Despite a brief improvement in form that momentarily lifted them above water,
they find themselves drowning again. Ironically, if they still retained the ten points taken
away, they would currently be in 12th place in the Premier League.
Given their current position and their rightful place, the club stands to
lose approximately £18m in revenue generated from league standings.
Everton was found to be £19m in violation of these rules, and now a similar sum is
being withheld from them due to circumstances beyond the control of the managerial staff.
Why are the Premier League’s Profit and Sustainability Rules (PSR) deemed inadequate?
Beyond the evident lack of clear direction or established guidelines,
it’s essential to consider the convenient advantage PSR provides to top teams.
By restricting clubs to spend only what they earn, the system unsurprisingly
perpetuates the dominance of the already powerful, leaving the rest to scrape by.
While clubs like Manchester United and Liverpool enjoy a perpetual influx of resources
from shirt sales, sponsorships, and more, lower-tier teams like Crystal Palace or Fulham struggle
to compete, unable even to use their owners’ funds.
Everton had owners willing to invest generously, as is the case
with Newcastle United and Aston Villa now.
The argument is that clubs should not be penalized for aspiring to grow, just as
Everton has been hindered in their attempt to build a new stadium.
In summary, PSR hampers progress and reinforces the existing hierarchy, making
them obsolete for their intended purpose.
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