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EXCLUSIVE: The Premier League introduces a new rule following Everton’s FFP charges last season which will see clubs with a recent history of overspending submit their accounts THREE MONTHS earlier than the rest of the top flight
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The Premier League introduced a new rule following Everton’s Financial Fair Play charges last season which requires clubs with a recent history of overspending to submit their accounts three months ahead of the rest of the top flight.
Under rule E.48, clubs anticipating losses must file audited accounts with the Premier League by December 31 instead of the standard March 31 deadline.
The new regulations are an attempt by the Premier League to ensure that all disciplinary cases arising from alleged breaches of FFP rules are dealt with before the end of the same season.
Several clubs complained to the Premier League that Everton’s accusations were not heard at the end of last season, allowing them to avoid a possible points deduction and escape relegation .
Everton have denied any wrongdoing and have vowed to vigorously defend themselves before an independent commission later this year, but other clubs have been openly skeptical of their protestations of innocence.
Everton’s FFP fee has led to a rule change on the submission of accounts by the Premier League (pictured: Bill Kenwright, left, and Farhad Moshiri)
The club’s losses over the past three years totaled £372 and were billed by the league in March 2023
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As Mail Sport revealed, Southampton, Leicester, Leeds, Nottingham Forest and Burnley wrote to the Premier League at the end of last season arguing they should be entitled to share compensation of up to £300 million if Everton are subsequently found guilty of spending breaches. rules, as well as warning the Premier League that it could become a party to the dispute.
The Premier League reacted quickly with a rule change intended to help resolve cases faster and reduce the potential for acrimony between clubs, which has been a long-standing feature of the Everton saga.
The Merseyside club infuriated many of their rivals by evading an FFP fee for the 2021/22 season despite recorded losses of £371.8m for the three-year accounting period when the Premier League limit is £105m but was later charged with a rule breach for the next triennium in March 2023.
The Premier League’s disciplinary hearing is not expected to take place until October, so any points deduction in the event of a guilty verdict would apply to this season, a situation other clubs find unsatisfactory.
The new accounting rules will only apply to clubs that have a cumulative loss on their adjusted revenue for the previous two years, which based on recent results could include Everton, Chelsea and Wolves.
Chelsea are among the clubs that could be forced to submit accounts early (pictured, Blues co-owner Todd Boehly)