Everton’s profit and sustainability case will not be affected by the fact that spending rules are set to be replaced as early as this summer
According to the broadcaster’s website on March 11, the ongoing cases involving Everton, Nottingham Forest, and Manchester City will remain unaffected by the impending change in the “controversial” regulations.
A new system is on the horizon, aligning more closely with UEFA rules, restricting clubs’ spending on transfer fees and wages to a percentage of their revenue, potentially up to 85%. However, despite this impending change, the looming threat of a second points deduction at Goodison park means the current situation will remain unchanged, as it will be “judged on existing financial models.” Currently, clubs are allowed to incur losses of up to £15 million of their own funds over any three-year period, with an additional £90 million permitted if guaranteed by their owners, resulting in a total loss limit of £105 million.
Spending rules change won’t affect Everton case
It was a faint hope that this development would offer Everton a way out of trouble regarding their second spending charge. Additionally, considering the financial challenges at Goodison Park in recent years, it’s uncertain if the new system would be any more lenient.
The alterations in regulations by the Premier League did indeed affect the club, resulting in Everton facing two sanctions in a single season. However, the consequences of this change won’t be experienced in a comparable manner.
While there is no way to dress up the likelihood of more points being taken away as a positive, the fact that the original appeal was brought down from 10 to six by Laurence Rabinowitz on appeal has at least given some idea of the maximum sanction.
With two of the three years already facing penalties, there’s a glimmer of hope that any further deduction could potentially be slashed by two-thirds. However, the prevailing uncertainties surrounding the club are evidently burdening the players, leading to a significant downturn in their on-field performance. Without a resurgence, relegation concerns are likely to loom large once more this season.
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