Three English clubs planning to sue Everton £300m following club’s breach of Premier League spending rules
Burnley, Leeds, and Leicester City are planning to sue Everton for £300 million after the club was found guilty of breaching the Premier League’s profit and sustainability rules.
Close sources have confirmed to The Daily Mail that senior figures at the three English clubs have held talks this afternoon to reaffirm their plans to sue the Merseyside club.
The fee is in compensation for their losses in which Everton narrowly survived relegation in the last two seasons and the three clubs were relegated to the Championship as a result.
Leeds and Leicester were relegated to the Championship last season, and Burnley have leaned their support as they remain convinced that Everton’s spending breached financial rules the previous season in which they were relegated.
On Friday, Everton were handed an immediate 10-point deduction by the Premier League as penalty for the breach — the biggest seen so far in the history of the competition.
Burnley, Leeds, and Leicester plan to sue Everton for £300m after Toffees were found guilty of breaking Premier League spending rules
The aggrieved trio are understood to have agreed to follow through on their previous threats to sue Everton, which they formulated over the summer after Sean Dyche’s side narrowly escaped relegation on the final day before the matter had been concluded.
They have repeatedly expressed unhappiness that the Everton case was not dealt with last season and are understood to feel even more strongly following the guilty verdict, as a points deduction in the previous campaign would have relegated them.
However, Dyche’s side can still survive this season as despite losing 10 points they are only two points from safety with over two-thirds of the season remaining.
Last month, Burnley, Leeds, and Leicester wrote a joint letter to the Premier League notifying them of their plans to sue if Everton were found guilty.
And the £300 million fee is a rough estimate of the £100m each club believes they lost by being relegated to the Championship.
The prospect of facing joint legal action from three other clubs is another significant blow for Everton and could derail the planned takeover from American investment firm 777 Partners.
The penalty has also increased the scrutiny on both Manchester City and Chelsea. The two Premier League heavyweights are under the spotlight for their respective financial rule breaches with City’s case currently under deliberation.