Finance expert: Leeds United demands may lead to Premier League lawsuit over Everton finances
We’re delighted to welcome football finance expert Dr Daniel Plumley as our exclusive columnist. Each week he’ll be giving his views on the biggest talking points at Leeds United...
Leeds United and Burnley’s joint complaints to the Premier League over Everton’s finances could result in a lawsuit down the road.
That’s according to Dr Dan Plumley who claims that it very much is on the cards and has happened on numerous occasions in the past.
According to the BBC, the two sides are stepping up attempts to get the Toffees’ finances independently investigated.
They have lodged an official complaint with the league even and aim to pursue it even though Burnley have got relegated after losing on the final day of the season.
When asked whether this could go trial or even a settlement, the Sheffield Hallam University expert told MOT Leeds News:
“On face value, it appears like it’s going to happen (trial or out-of-court settlement).
“Put that into perspective with the finances of Burnley and the £65million they now owe to their owners after relegation.
“Irrespective of that, you can see why they’re trying to pursue this along with Leeds. In the past there have been out-of-court settlements with Derby and Middlesbrough examples.
“It even happened with the Carlos Tevez transfer saga between West Ham and Sheffield United.”
Everton have posted losses of £372million over the past three years while the Premier League’s profitability and sustainability rules allow for losses of only £105million over that period.
The Toffees are attributing the additional losses to Covid-19 and feel that they are not guilty of any wrongdoing.