THREE clubs are planning to sue Everton after they were found guilty of breaching Financial Fair Play rules, according to reports.
The Premier League Commission confirmed on Friday that the Toffees have been docked ten points for the breaches – leaving them second bottom of the table.
Everton could be hit with legal action from three clubsPA
But the punishment may not be enough for Leicester, Burnley and Leeds.
All three have been on the wrong end of relegation battles with Everton over the past two years.
And according to the Daily Mail, they could seek as much as £300MILLION in damages – with each club estimating they lost around £100m from being relegated to the Championship.
It is understood the three sides contacted 777 Partners – the Merseyside outfit’s new owners – before the ruling to state their intention to sue if they were found guilty.
And it is now being reported chiefs from the three clubs met on Friday afternoon to reaffirm their plan to sue Everton.
The Toffees have confirmed they will appeal the decision to the Premier League.
Burnley were relegated at the end of the 2021-22 season after they finished 18th, four points below Everton.
Everton’s points deduction has been implemented immediately, leaving them off the bottom of the table only by virtue of goal difference.
The club have been punished for breaching profit and sustainability rules after recording financial losses of £44.7m for the 2021-22 season – bringing their three-year total to £124.5m
That exceeds the Premier League threshold, which permits a maximum loss of £105m across three years, by £19.5m.
Everton have released a statement labelling the punishment “unjust”.
Meanwhile fans have already started speculating how badly Man City and Chelsea, who are also facing questions over their finances, could be punished.
Everton points deduction
EVERTON have become the first Premier League team to be deducted points for breaching Financial Fair Play regulations for profit and sustainability.
The Toffees’ ten-point hit comes after an independent Commission determined Everton recorded losses of £124.5million as per Premier League regulation calculations over the three years up to 2021-22 – exceeding the permitted £105m limit.
The Goodison Park club have posted financial deficits for five years in a row.
Manchester City are fighting 115 charges of FFP breaches put forward by the Premier League last season.
Only two clubs in Premier League history have been docked points.
Middlesbrough saw three points deducted in 1996-97 for failing to fulfil a fixture against Blackburn.
In March 2010, Portsmouth had nine points stripped for entering administration.
Both Middlesbrough and Portsmouth were relegated following their respective points punishments.
The ten-point deduction drops Everton to 19th in the Premier League table, level on four points with bottom-club Burnley.