Kieran Maguire: ‘Ambitious’ Everton will love new financial regulations

The Everton board will be in favour of changing financial regulations after the latest Premier League meeting.All 20 Premier League clubs met last week to discuss replacing the current Profit and Sustainability Rules in place.

Everton have been charged with breaching PSR twice with the Merseyside club allegedly exceeding the £105million allowable losses over a three-year period. They were deducted 10 points in November after being found guilty of their first charge, while they await the verdict of their second charge later this season.

The new rules propose that a club’s budget will be capped at a percentage of their overall revenue – similar to the model used by Uefa.Under the existing PSR rules of the Premier League, anybody that bought a club since 2013 was acquiring an inbuilt disadvantage because the Premier League didn’t index link the allowable losses.Now, if we take a look at the proposed rules that are going to be linked to revenue – wages can rise if revenue rises.

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