Questions have been asked of the Premier League by Leeds United about their handling of Everton’s £371.8m losses across the last three years. The Times has reported a joint letter went into the organisation from Burnley and the Whites last week.
The Turf Moor and Elland Road outfits have been scrapping with the Toffees against relegation for the past few months. Everton secured their top-flight status last night while one of Burnley or Leeds will be relegated on Sunday.
The clubs are concerned about Everton’s losses, which far outstrip the £105m permitted by Premier League profit and financial sustainability rules across a three-year period. Leeds have declined to comment, but LeedsLive understands, at this point, there remains nothing more than a letter outlining these concerns and asking what the division has done about the losses incurred.
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The Times reports the two clubs have threatened to bring a claim for substantial damages against the league and Everton for the alleged breaches of financial rules. The rules make it clear losses beyond £105m across three years risk points deduction in serious cases.
Losses caused by the Covid pandemic can be written off, but Leeds and Burnley have raised concerns media reports and Companies House filings show Everton’s Covid-related losses are more than three times that of clubs of a similar size.
An Everton spokesman told The Times: “We have worked so closely with the Premier League to make sure we are compliant we are comfortable we have complied with the rules. External auditors have told us what we can and cannot claim against the pandemic. If they want to take legal action then they can do so by all means.”
