Everton could be ‘one of five’ clubs hit by new points deductions – Keith Wyness

 

Everton could be ‘one of five’ clubs hit by new points deductions – Keith Wyness

Everton’s former chief Keith Wyness has claimed his old side will be one of “four or five” Premier League clubs handed points deductions if new Associated Party Transaction (APT) rules are applied retrospectively.

 

Speaking on the new edition of Football Insider’s Inside Track podcast, the 66-year-old – who served as CEO at Goodison Parkl between 2004 and 2009 and now runs a football consultancy advising elite clubs – insisted “calmer heads will prevail” with hopes English top-flight chiefs will avoid plunging the league into “chaos”.In the new APT rules, clubs must now include commercial loan interest rates on that debt in their calculations for Profit and Sustainability Rules (PSR) – potentially tipping them over the limit.

 

Everton have £451million in shareholder debt amid the construction of their new stadium and multiple failed takeover bids

.Man City and the Premier League recently locked horns in a battle over the lawfulness of APT rules, with both sides emerging with victories on key issues.

 

One aspect of City’s success is the new classification of interest-free loans from shareholders for other English sides

.“If it is, then Everton have got a bigger problem.

 

“Then again, so would many other clubs. It would throw the Premier League into chaos because four or five other sides would be breaking PSR, and probably end up with points deductions.

 

“It would make a mockery of the whole competition. I think calmer heads will prevail.Everton ‘concerns’ revealed after points deduction bombshell

Wyness told Football Insider‘s Insider Track podcast: “It is concerning for Everton, but I’m not overly concerned.

 

“The issue is whether this is going to be enforced retrospectively by the Premier League.

For more Everton and exclusive news, follow us on Facebook or join our brand new WhatsApp Channel for instant updates to be sent straight to your phone.Friedkin will convert those loans into equity when his takeover is done, and most clubs can also do the same thing.”