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Leeds United could force Everton into financial abyss as yet another points deduction on the cards
Leeds United could be taking Everton “to the brink of the financial abyss” with their compensation claim against the Premier League club, according to The Mirror.
The newspaper reported on Saturday (18 November) that Everton’s potential new owners 777 Partners could walk away from their £500million takeover deal if the Merseyside club is forced to pay £300million to Leeds, Leicester and Burnley after they feel they were relegated as a result of the Toffees’ overspend.
Everton were hit with a 10-point deduction on Friday (17 November) for breaching the Premier League’s financial rules and although they will appeal against that, they could be docked another nine points if they go into administration as a result of 777 backing out of their takeover.
The American investment firm are already giving Everton £20million-a-month to keep them running while the takeover process rumbles on but the Blues also have debts of half a billion pounds so a further £300million looks to be a deal-breaker if Leeds and co get their way.
Hit them where it hurts
Everton’s financial cheating caused Leeds to be relegated from the Premier League last season.
Only five points separated the Whites and the Toffees, who were able to avoid relegation because they spent beyond their means.
Everton were able to afford to sign players and pay players who kept them in the Premier League last season at the expense of Leicester, Leeds and Southampton.
A 10-point deduction this season is pointless from Leeds’ perspective because their punishment from Everton’s over-spending far outweighs what happened on Friday.
Of course, Everton will appeal. But that 10-point deduction doesn’t do much because they’re now just one win away from moving out of the relegation zone.
It’s done nothing but teach clubs that if they spend too much money and breach financial rules, they’ll get no more than a slap on the wrist while the real victims rot away in the Championship.
In other Leeds United news, this Elland Road loanee has no intention of signing a new contract with the Whites.