Kieran Maguire: Everton face new legal claim from Leeds United after FFP hearing
It is ‘essential’ that Everton successfully defend their FFP case as they will face new legal problems if found guilty.
That is the view of finance expert Kieran Maguire, who exclusively told Football Insider that defeat in Everton’s FFP hearing will start a ‘new chapter’ of problems for the club.
The Toffees face allegations of breaching Financial Fair Play rules after recording losses of £371.8million in the past three years.
The Premier League has recommended a 12-point deduction as a punishment if the Merseyside club are found guilty of breaching regulations.
On top of a points deduction, Everton could be forced to pay financial compensation to Leeds United, Leicester City and Burnley after the three clubs wrote to Goodison Park informing the club that they intend to take legal action if they are found guilty.
As reported by The Mirror, the three clubs will seek £300million in compensation for their relegations during the period of Everton’s investigation.
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Maguire believes Everton will face a ‘new chapter’ of problems if found guilty in their FFP hearing.
“From a cash flow point of view, it’s essential that Everton successfully defend the charges,” Maguire told Football Insider’s Sean Fisher.
“What we will see otherwise is that a claim for some form of financial compensation from Leeds, Leicester and Burnley will be filed.
“They will claim that Everton had an on-field advantage due to a proven abuse of rules.
“But nothing has been proven to date, so a defeat in the tribunal will not only be bad, bad news but it will not be the end of the problem.
“It will be the start of a new chapter and that’s what we’ve got to concern ourselves with.“