Everton’s £300 million compensation claim has recently come under scrutiny due to the Man City case.
Everton’s £300 million compensation claim has recently come under scrutiny due to the Man City case.
In what is usually viewed as a counterattack in the world of football finance, Man City recently challenged the Premier League’s Associated Party Transaction rules in the arbitration courts. The APT rules were introduced after the Saudi Public Investment Fund purchased Newcastle United in 2021 and are intended to prevent clubs from signing inflated commercial deals with owner-linked entities to avoid PSR. Everton testified in favor of City in the APT case. Man City is currently in the middle of their hearing with the Premier League for 115 alleged instances of financial misconduct, which they have consistently denied in the strongest terms possible.
An independent committee will decide whether interest on loans carried out to construct Everton’s new stadium is free from PSR at the club’s third PSR hearing later this year.
Otherwise, Everton might face their third point deduction in as many seasons.
Therefore, Everton and City have been in the forefront of the league’s regulatory civil war, despite the fact that their on-field performances in recent seasons have been in separate universes.
Furthermore, the most recent announcements from Premier League headquarters may indicate that neither team’s battle is far from over.
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