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Times article, Burnley/Leeds threaten to sue Everton

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Not sure, would probably be very messy and give the PL really bad headlines which is why I think if penalties are given out, they would apply next season (or later). Alternatively, if we finish above the bottom 3 by over 3 points (4 at the moment), who’s to say they don’t deduct 3 points and we still stay up? Burnley and Leeds are just looking for us to be deducted enough points for them to stay up, they have no interest in anything else which is why one of their names will probably disappear from these reports on Monday because they’re staying up anyway.

HHMM I hope it is Burnley, I think it is them who have been leading this business.
 
I mean in the rulebook it is not labelled an independent commission.

Burnley and Leeds have asked for an independent commission. So they are not the same thing mate.

If the PL refuse to convene such a commission (which given no breaches have occurred would seem logical) they could look to sue. I doubt they would, as frankly theyd have a very weak case.

An arbitrator would have no power. They could make recommendations, and it's up to the PL whether it chose to override what it did previously.

Crucially, all of the above takes lots of time, and may mean some sort of warning in the future. It will not be resolved by tomorrow, or June, or the start of next season.

As you have stated though, it all really relates to the PL, and whether they were right to accept independently audited accounts by accounting professionals. I'd say they were fine in that regard. But if they were deemed wrong to do so, maybe whomever goes down, some years down the line, will have a case to a settlement.

In reality I doubt it. As no rule breaking has occurred.

No it isn't. Once the independent commission [sic] is set up they would have the power to investigate anew.
 

This will be either long-fingered or dismissed quickly. This is not even about Everton - who won't be relegated in a courtroom anyway. It's about not opening a can of worms that would bring the entire Premier League and its governance structure down.
Yes, it is not in the league's interests to set a precedent punishment-wise . You never know, they wouldn't want to forcibly punish one of the shiny marketing darlings
 


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