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Business of Soccer

/ 28 days ago

Everton may have to pay financial settlement after club files claim

Everton received a significant boost earlier this week when their penalty for violating the Premier League's Profitability and Sustainability rules was reduced. English soccer officials previously deducted the Toffees 10 points for breaking the law. Nevertheless, the Merseyside club eventually appealed the decision, and the Premier League reduced the penalty to six points. Due to […]

Americans Abroad

/ 96 days ago

777 Partners move one step closer to buying Everton

777 Partners has cleared a massive hurdle in their attempt to purchase a majority stake in Everton. The investment firm previously agreed to buy 94% of the club from current owner Farhad Moshiri back in September. The deal, however, hit several snags in the following months. Multiple red flags quickly popped up regarding the financial […]

Everton

/ 132 days ago

Everton receives record points deduction from Premier League

Everton earned a points deduction of 10 points for violating Financial Fair Play (FFP) rules. The sanction is the harshest punishment ever for a Premier League club. As a result of the deduction, the Toffees now sit 19th in the table with just four points. The Merseyside club previously posted losses of just over $55 […]

English Football

/ 155 days ago

Everton learns potential points deduction penalty in FFP case

Everton learned its potential penalty and points deduction should the Premier League and an independent commission find the Toffees guilty of breaching Financial Fair Play (FFP) rules. According to the Mirror, Premier League officials recommended the Toffees earn a 12-point slash for the violation. The Merseyside club currently sits 16th in the top-flight table with […]

Everton

/ 218 days ago

US ownership group withdraws Everton investment

US investment group MSP Sports Capital withdrew its ownership interest in Everton. This deals a massive hit to the club's goal of financial stability while the on-field product flounders. Everton drew interest from several American investment firms over the last year. Groups in Miami and Minnesota both had links to the Toffees. Now, The Athletic […]

Everton

/ 227 days ago

Everton heartbroken at death of worker at new stadium

Everton revealed the death of a worker at the construction site for the club's new stadium. A 26-year-old male worker at the Bramley-Moore Dock died of apparent head injuries. Emergency workers took him to Aintree Hospital in Liverpool, where he later died. According to the Liverpool Echo, the incident involved some of the heavy machinery […]

Everton

/ 274 days ago

Everton may not move into new stadium until 25/26 season

Construction of Everton's new $632 million dockland stadium should finish in the middle of the 2024-25 season. However, it must decide whether to relocate to the new 52,888-seat stadium in that season. Or, Everton can hold off until the beginning of the 2025-26 season. Everton reorganized its board of directors. The club named chief stadium […]

Everton

/ 301 days ago

Verdict on Everton FFP violations may take 4 years to complete

Everton may not know the verdict of its alleged breach of Financial Fair Play, or FFP, rules for another four years. News initially surfaced of the charges back in March. However, while fellow Premier League clubs had hoped for a quick resolution to the issue, it seems as if everyone will have to remain patient. […]

Everton

/ 316 days ago

Everton face being sued for $375m if it avoids relegation

The Everton financial situation could be greatly affected whether it is relegated from the Premier League or not as there is a chance it is being sued for hefty sums. Reports out of England claim clubs surrounding the Toffees in the table would sue the Merseyside team should it avoid relegation. Everton picked up charges […]

Everton

/ 362 days ago

Everton could go out of existence if relegated

Everton's financial troubles seem to be getting worse by the day. An auditor's report produced in March stated that the Merseyside club was facing possible sanctions for breaching Financial Fair Play rules. Then on Friday news surfaced that the Toffees could even receive a Premier League points deduction. Now, auditors claim that relegation would threaten […]

Everton

/ 363 days ago

Everton may face points deduction for FFP breach

Everton could be facing a points deduction for breaking Premier League's financial rules. Current laws in place state that English top flight teams can't post losses exceeding $128 million over a three-year period. Everton, however, have recorded a $421 million deficit during this timeframe. This is more than three times the loss limit. The Premier […]