Everton are still waiting for their profit and sustainability (PSR) situation to be resolved as their capitalisation case is yet to be heard.
That is the view of finance expert Stefan Borson, who exclusively told Football Insider the Merseyside giants may have to wait for Adam Lewis KC, the Premier League’s leading barrister, to become available after he’s been working on the Manchester City 115 charges case.
Everton were docked eight points last season after being charged by the Premier League for two separate spending breaches.
The independent commission that oversaw the second case postponed an argument over the capitalisation of the new stadium interest by the club after ruling it was too complex to be heard at the time.
That meant Everton would face a further hearing later this year, with the Liverpool Echo reporting on 20 November the matter is yet to be resolved.
If the decision were to go against Sean Dyche’s side, it would mean their financial breaches for 2021-22 and 2022-23 would be significantly more than originally thought, potential leading to another points deduction.
Everton could have to wait eight weeks for decision
Borson revealed Everton could have to wait between four to eight weeks for a decision to be made once the case is eventually heard.
“The piece in the Liverpool Echo said it has not yet been resolved,” Borson told Football Insider.
We will get the decision published because it’s an independent commission, so there won’t be any debate as to whether they have published the decision.
“We will know when it is resolved. I got the impression from that article that the hearing hasn’t even taken place yet.
“We know that the timetables once you have done a hearing, you know it needs kind of between four and eight weeks to get a decision minimum.
“This situation is quite complex and technical. It’s all around interest and stadium loans or other loans, and whether you can attribute them to the stadium.
“It’s something that may require quite a lot of time for the independent commission to determine.
Part of it is likely to be that some of the counsel for the Premier League on the Everton case are currently in the Man City case.
“Adam Lewis K.C., who is the lead Premier League barrister, he’s on the City case at the moment. I wonder if there is a diary issue because he obviously can’t be in two places at once, and you will have to wait for the City case to finish.
“If you think about the timetable, you are going into a situation where this is going to extend beyond January and, after an appeal, this could go on for quite some time.
