Leeds United hopes to bank £100 million from a Premier League legal fight- Formal letter appearing. - Flashfootballnews
Home » Leeds United hopes to bank £100 million from a Premier League legal fight- Formal letter appearing.
Sean Everton

Leeds United hopes to bank £100 million from a Premier League legal fight- Formal letter appearing.

Leeds United have joined Burnley and Leicester City in planning to sue Everton for breaking Premier League spending restrictions, which resulted in all three clubs being relegated.

The Whites are seeking for an immediate return to the Premier League after being demoted to the Championship in May, with Leicester City also falling victim to an Everton last-day triumph.

everton
everton

Leeds and Burnley were both dissatisfied with their financial troubles, which saw them go way past FFP spending rules during their two-year struggle against relegation with the Toffees.

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As a result of Burnley‘s relegation in May 2022, Leeds and the Clarets dropped their complaint to the Premier League about Everton‘s expenditure, only for an independent probe to take place at Goodison Park in the meantime.

Sean Dyche led the Toffees to survive last season while also causing Leeds and Leicester to drop to the second division, and the Merseyside club is now hoping for 777 Partners to complete their acquisition.

Farhad Moshiri
Farhad Moshiri

According to the Daily Mail, the Whites have joined forces with the Foxes and Burnley to write a combined letter to 777 asking if they are aware of intentions to suit the Toffees over this ongoing financial disagreement.

“The three clubs are upset that Everton‘s charges were not dealt with last season, believing that the delay may have helped Everton avoid relegation by avoiding a points deduction, with Leeds and Leicester going down on the final day of the season as Sean Dyche’s side survived by two points.”

Mail Sport revealed before the end of last season that five clubs (also including Southampton and Nottingham Forest) had written to the Premier League arguing that they would deserve compensation if Everton were found guilty, and the matter has now been escalated ahead of the independent hearing.”

Farhad Moshiri
Farhad Moshiri

Leeds and the rest would each receive roughly £100 million if their claims were approved, based on the losses caused by relegation.

Profit & Sustainability regulations prohibit teams from disclosing a deficit of more than £105 million over a three-year period, which Everton substantially exceeded in March when it was discovered to have lost about £313.5 million over the previous three years.

The fact that Everton has still not been sanctioned more than a year after we first raised our concerns is concerning for the Premier League.

FFP laws have been made a mockery of by the top of the league, but it becomes even more absurd when teams like ourselves, Leicester, and Burnley lose hundreds of millions of pounds attempting to remain afloat within the rules, while Everton appears to be allowed to ignore them with no consequences.

The concern for Everton and their fans is that this may quickly catch up with them, and their new owners don’t appear to be a safe set of hands.

 

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