Everton Football Club has been ordered to pay £35 million to Burnley for breaching Premier League financial rules, an independent panel has ruled, British media reported today.
The case relates to the 2021/22 season, when Everton were found guilty of breaching the Profit and Sustainability (PSR) rules during a three-year accounting period.
Burnley claimed that Everton's offence had negatively affected their chances of survival in the Premier League, causing the club to suffer significant financial losses following relegation.
The commission awarded Burnley £26 million in damages, with an additional £9 million in interest, bringing the total compensation to £35 million.
Everton said it would appeal the decision and challenge it with all available legal means.
"We are convinced that the decision is fundamentally wrong on both legal and factual grounds. This ruling sets a dangerous and unenforceable precedent for English football, as it is based on the principle that a club can be found guilty of financial misconduct at any time during the financial year," Everton said in a statement, as reported by the BBC.
The Liverpool club believes that the commission misinterpreted the evidence presented by its legal representatives and believes that the appeal process will be successful.
According to available information, the potential payment of compensation will not affect Everton's calculations within the framework of the profit and sustainability rules for the current accounting period.
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