Timeline shared for Everton FFP charges case as hearing expected to conclude next week
Everton are set to find out the outcome of their FFP charges case from the Premier League next week, although it’s unlikely to be made public then.
Writing in the Independent (19 October), journalist Miguel Delaney reports that the hearing began on Tuesday (17 October) and is expected to conclude late next week.
But the outcome is unlikely to be published until next month, with Everton potentially facing a hefty fine, a transfer embargo or potentially even a point deduction if found guilty.
“Everton’s Premier League future could go a long way to being decided in the coming days,” he wrote.
“The competition’s hearing into the club’s alleged breach of Financial Fair Play rules is expected to conclude next week.
“While the outcome is unlikely to be published until next month, a guilty verdict could bring a fine or a points deduction, albeit with the latter potentially suspended.
“The independent commission on the case began on Tuesday, and is expected to conclude late next week.”
Ticking time bomb
Everton’s financial situation has been carrying over month by month recently, with nobody really understanding just how bad things are.
777 Partners are set to come into the club providing they can provide proof of funds and answer questions from the FCA, but they have already loaned the club £40m just to help with the day-to-day runnings of the club like paying wages.
This charge has been hanging over the club’s head for a while now and it has always been lurking in the background when decisions have been made with things such as transfers and money being spent.
But the club was initially surprised to be charged at all anyway considering they have been working with the league directly over the issues, so they’ll have a fair idea of what to expect.
Everton is a ticking time bomb right now and if this case goes against them, then it could be the final nail in the coffin of our Premier League time.
In other Everton news, 777 Partners double loan amount given to Toffees as financial crisis deepens.