Accountant can wipe away every hard-won Everton Premier League point amid ‘Bizarre’ situation
Every hard-won Premier League point Everton have achieved could be wiped away if the league’s investigation proves its case over tax irregularities, according to Neil Moxley.
The journalist shared that, despite the good work done by Sean Dyche in his task to stabilise the club after what he has described as a car crash, the Premier League’s investigation into Everton’s finances could mean it has all been for nothing.
The investigation is looking into alleged tax irregularities following loans made by the club to finance the construction of their new Bramley-Moore Dock stadium. Moxley described the situation as “bizarre” that the club could run up losses of over £430million without any charge.
Writing via his column in the Sunday People [20 August, pg 42], Moxley shared: “Then there are the constraints of Financial Fair Play, which can like the sword of Damocles over the club.
“Every hard-won point could disappear at the stroke of an accountant’s red pen if the Premier League’s investigation proves its case over alleged tax irregularities, following loans made to finance the new stadium at Bramley-Moore Dock.
“Away from that, it seems bizarre that the club can run up losses of more than £430million over a five-year period – blame Covid – and then get off any charge.”
His statement came following praise for Dyche, in his words: “So, magician he ain’t. But he’s going to need to pull a rabbit out of a hat from somewhere. Because that club’s not a car crash waiting to happen – it’s already taken place. And the gravel-voiced one is picking up the pieces.”
An albatross around their neck
Ultimately, there is nothing Dyche or his players can do about the situation. They simply have to get on with their goal, which is to achieve as many Premier League points as possible in their bid to avoid yet another relegation battle after multiple disappointing years.
Even the higher-ups at the club are powerless to decide the result of the investigation, and must just wait with bated breath and their fingers crossed that the financial irregularities aren’t found to be any serious breach of rules which would see the club put at risk.
It will, however, be in the back of all of their minds. Throughout the transfer window, Everton have been expected to land key targets, some for big-money, while they are unsure over FFP breaches and financial investigations ongoing in the background.
It has certainly made the business this summer more risky and is probably a reason behind the club’s stuttering to get deals done.
In other Everton news, a manager has shared his latest update on an Everton-linked striker.