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Live broadcast on August 15th according to the exclusive report of Daily Mail, following Everton’s financial fair competition accusation last season, the Premier League launched a new regulation, clubs that predict losses must submit audited accounts to the Premier League before December 31, instead of the standard deadline of March 31.
The new regulations are an attempt in the Premier League to ensure that any disciplinary cases caused by suspected violation of financial fair competition rules are dealt with before the end of the same season.
By the end of last season, Everton had a total loss of 0.3726 billion pounds in the past three years. But Everton’s charges were not heard in time, thus enabling them to avoid potential points deduction.
According to the Daily Mail, Southampton, Leicester, Leeds, Nottingham Forest and Burnley wrote to the Premier League at the end of last season, saying that if Everton was later sentenced to violate the spending rules, they have the right to share up to 0.3 billion pounds of compensation. The Premier League responded quickly, introducing a new rule that the club with more than one history submitted accounts three months in advance, aiming at solving cases faster and reducing quarrels between clubs.
The new rules are only applicable to clubs with accumulated losses in income after adjustment in the first two years. According to the recent performance, these clubs may include Everton, Chelsea and wolves.
(Sonnytime)