The Lowdown: Everton’s financial losses
According to reports, Everton have lost £372m over the past three years. Usually, financial fair play rules allow for losses of £105m over a three-year period.
However, due to the Covid pandemic, clubs have been permitted to write off such losses. Everton have claimed that their Covid losses over the last two years have amounted to £170m.
In comparison, clubs of a similar size have reported losses much smaller. For example, Newcastle posted Covid losses of over £40m and Aston Villa have announced theirs as being £56m.
The Latest: Leeds and Burnley inquire
According to news broken by Sky Sports in the last 24 hours, Burnley and Leeds have written to the Premier League to question whether Everton’s losses over the past three years have broken FFP.
Sky shared the live-on-air news clip to Twitter with their journalist saying ‘listen to this’ before unleashing the ‘significant breaking news’ of the call for investigation from the Blues’ relegation rivals.
The Verdict: Sour grapes
Everton have recently been involved in a scrap with Burnley and Leeds as the three sides have been fighting to avoid Premier League relegation.
However, with the Toffees’ stunning 3-2 comeback over Crystal Palace on Thursday, Frank Lampard’s side secured their top-flight status for next season.
As a result, this feels like a case of sour grapes from Burnley and Leeds – if they were so desperate for an independent commission to assess Everton’s finances, why wait until now to ask?
In other news: Everton: Report provides Dominic Calvert-Lewin update
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