Everton’s problems are only just beginning
From our UK edition
Pity the poor Everton fans. Just as their once mighty club, now a perennial relegation battler, seemed to have a climbed a few ladders in recent weeks to low mid-table, they land on a snake. Yesterday the Premier League handed them a ten point penalty for financial irregularities, plunging them back down into the danger zone of relegation. Everton admitted the offences and pleaded mitigation: unexpectedly high interest payments on their new stadium project, the loss of a Russian sponsor due to UK government sanctions in the wake of the war in Ukraine and losses (estimated at £10 million) incurred as a result of criminal charges brought against a ‘player X’. They also stressed that they had cooperated fully with the investigation (unlike some others). But to no avail.