Everton’s campaign could be on the verge of a catastrophe, as the Toffees face a points deduction. Tottenham had beaten Frank Lampard’s side 5-0 the night before.
The Toffees have now lost three straight league games under new manager Frank Lampard, who is yet to win his second game in charge after replacing Rafa Benitez.
That performance has drawn them into the struggle to avoid relegation, with Lampard’s side in a dangerous position in the midst of it.
As a result, concerns over the club’s financial situation have risen to a new level of concern for Lampard.
Following Alisher Usmanov’s sanctions, the Toffees were obliged to cut connections with the Russian as their principal sponsor.
There will be a long-term investment of £300 million, but there are also short-term concerns.
Reports claim that Everton are “getting ready to talk” with Premier League officials about the status of their financial affairs, according to the Daily Mail.
Due to unforeseen circumstances, the Merseyside club has postponed the release of its financial statements for the 2020/21 season.
Everton are said to be seeking clarification on how much of their losses may be attributed to the outbreak of Covid-19.
It seems evident that Everton would have violated the Premier League’s profit and sustainability regulations if they had lost more than £260 million in total between 2017 and 2020.
A loss of more than £100 million is projected to be reported in the 2020/2021 financial statements, which typically allow losses of only £105 million across three years.
Everton is currently in talks to avoid a points deduction following their last setback, which saw them break the sustainability rules once more.
It is possible that Everton might be fined or lose points for breaking league rules, but this would be the first time a team has been penalized for breaking such rules.
Clubs have until the end of the month to file new financial statements, even though the expenditure limits have been changed to allow for a four-year period.
Everton could still face punishment if the two seasons affected by the Covid crisis are combined and averaged.
The Toffees’ chances of staying in the Premier League are in jeopardy if they face any form of points deduction.