31/07/2026
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The Friedkin Group have injected £38M into Everton to cover the compensation payment that the club have been ordered to pay Burnley by a Premier League commission.
Though Everton have not made official comment, the share issue has been made public by Companies House. Last month, Everton were ordered to pay Burnley around £38M in compensation for a breach of financial rules, the largest financial penalty ever imposed on a Premier League club.
The verdict came via a Premier League independent disciplinary commission and arrived despite Everton's 10-point deduction releating to the same £19.5M breach in November 2023. The punishment was later reduced to a 6-point penalty.
Burnley lodged a complaint following their relegation to the Championship at the end of the 2021-22 season. The Clarets argued that had Everton's punishment been applied in that season, rather than 2023, the club would have stayed in the Premier League at Everton's expense.
Everton confirmed the club will appeal the compensation punishment in an official statement last month.
"Everton Football Club is surprised and angered by the decision of a Premier League Independent Disciplinary Commission to order a compensation payment to Burnley Football Club in relation to Everton’s PSR breach in June 2022.
"Everton has appealed the decision and is clear in its belief the ruling is fundamentally flawed in both law and fact.
"The Club does not recognise the findings of the panel in determining Burnley’s relegation from the Premier League in May 2022 was caused by a sporting advantage gained by Everton due to a breach of Profit & Sustainability Rules, for which a substantive sporting sanction has already been received.
"This ruling sets a dangerous and unworkable precedent for English football, given it is constructed on a principle that a club can be in breach of financial rules at any point in a financial year.
"Everton believes the panel’s ruling misrepresents the clear evidence presented by its legal representatives and that an appeal will be successful."
Read more - Stefan Borson's deep dive into Everton's legal battle with Burnley
Reader Comments (45)
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Steve Brown
2 Posted 31/07/2026 at 09:38:59
2 Posted 31/07/2026 at 09:38:59
£38M dividend payment due in December.
Tony Abrahams
3 Posted 31/07/2026 at 10:03:15
3 Posted 31/07/2026 at 10:03:15
They go about their business very quietly...
But I'm not sure this is always the right way to go about things with regard to running a football club?
But I'm not sure this is always the right way to go about things with regard to running a football club?
Paul Hewitt
4 Posted 31/07/2026 at 10:31:27
4 Posted 31/07/2026 at 10:31:27
They can't do right for doing wrong.
Who would want to own this club?
Who would want to own this club?
Steve Brown
5 Posted 31/07/2026 at 10:57:53
5 Posted 31/07/2026 at 10:57:53
Debt restructured, new stadium, huge commercial revenue, TV rights.
Everyone would want to own this club right now.
Everyone would want to own this club right now.
Paul Hewitt
6 Posted 31/07/2026 at 11:11:03
6 Posted 31/07/2026 at 11:11:03
Steve. I bet they wouldn't.
I'd like to see how many would try if TFG ever sold.
I'd like to see how many would try if TFG ever sold.
Steve Brown
7 Posted 31/07/2026 at 11:13:06
7 Posted 31/07/2026 at 11:13:06
Paul, I beg to dffer.
Reasons? See my earlier post.
Reasons? See my earlier post.
John Collins
8 Posted 31/07/2026 at 11:27:32
8 Posted 31/07/2026 at 11:27:32
Paul. 4
Anyone who wanted to double their investment immediately.
Anyone who wanted to double their investment immediately.
Paul Hewitt
9 Posted 31/07/2026 at 11:36:08
9 Posted 31/07/2026 at 11:36:08
John.
It would cost around £800M to buy the club now.
No way it's ever going to be worth £1.6B... ever.
It would cost around £800M to buy the club now.
No way it's ever going to be worth £1.6B... ever.
John Collins
10 Posted 31/07/2026 at 11:40:12
10 Posted 31/07/2026 at 11:40:12
How much did TFG pay to buy the club, Paul?
Paul Hewitt
11 Posted 31/07/2026 at 11:43:14
11 Posted 31/07/2026 at 11:43:14
£400M.
But there is a ceiling on us.
But there is a ceiling on us.
Ian Horan
12 Posted 31/07/2026 at 12:01:53
12 Posted 31/07/2026 at 12:01:53
TGH only paid £50M to Moshiri on the grounds they also took the debt!!
They took the debt, refinanced it away from the 14% interest loan Boys Pen Blue Bill tied us into to finance arrangements with The Friedkin Group's banks of JP Morgan and Metro Bank at circa 6% interest.
So I would say TFG will be looking at a lovely profit if they sell.
They took the debt, refinanced it away from the 14% interest loan Boys Pen Blue Bill tied us into to finance arrangements with The Friedkin Group's banks of JP Morgan and Metro Bank at circa 6% interest.
So I would say TFG will be looking at a lovely profit if they sell.
Paul Hewitt
13 Posted 31/07/2026 at 12:06:05
13 Posted 31/07/2026 at 12:06:05
Ian TFG paid back Rights & Media Funding the £200M debt we had. There was also another outstanding debt of around £150M they paid off.
A lot more than £50M, mate.
A lot more than £50M, mate.
Ian Horan
14 Posted 31/07/2026 at 12:26:00
14 Posted 31/07/2026 at 12:26:00
Paul,
I agree but TFG's own cash was £50M, all the other debt was consolidated with JP Morgan and Metro Bank. So plus £350M, yes. However, that is now secured against the club -- not TFG. Anything over £50M will be TFG's profit as any new owner will continue paying the debt.
Moshiri takes a lot of stick, but he drove the new stadium and then walked away losing £500M to allow TFG to refinance.
I agree but TFG's own cash was £50M, all the other debt was consolidated with JP Morgan and Metro Bank. So plus £350M, yes. However, that is now secured against the club -- not TFG. Anything over £50M will be TFG's profit as any new owner will continue paying the debt.
Moshiri takes a lot of stick, but he drove the new stadium and then walked away losing £500M to allow TFG to refinance.
Michael Peters
15 Posted 31/07/2026 at 12:36:27
15 Posted 31/07/2026 at 12:36:27
Everton were charged under rules designed and implemented by the FA, rules I believe if challenged by a KC would be found to be in direct contravention of both UK and European Competion Law.
Also, the club had no say as to when the points deduction took place, so if Burnley are indeed entitled to compensation, then their claim should be against the FA, not Everton.
The club accepted the points deduction in the season they were given it so cannot be held accountable for something over which they had no control. No case to answer.
Also, the club had no say as to when the points deduction took place, so if Burnley are indeed entitled to compensation, then their claim should be against the FA, not Everton.
The club accepted the points deduction in the season they were given it so cannot be held accountable for something over which they had no control. No case to answer.
Mike Corcoran
16 Posted 31/07/2026 at 12:40:05
16 Posted 31/07/2026 at 12:40:05
From the Echo:-
“Manager David Moyes revealed that he had been told by owners The Friedkin Group that the decision would not negatively impact on his summer transfer budget.”
Because TFG don't have any more summer transfer budget anyway?
“Manager David Moyes revealed that he had been told by owners The Friedkin Group that the decision would not negatively impact on his summer transfer budget.”
Because TFG don't have any more summer transfer budget anyway?
Ian Bennett
17 Posted 31/07/2026 at 12:48:18
17 Posted 31/07/2026 at 12:48:18
Although this is a capital injection into Everton, I'd expect them to claim that off Moshiri either from escrow, reduced deferred consideration, or a claim.
TFG paid £25M for the shares with another £42.3M deferred consideration. If I remember rightly, I read that was to cover any PSR-linked claims. I think that is one of the reasons the original deal fell over.
TFG paid £25M for the shares with another £42.3M deferred consideration. If I remember rightly, I read that was to cover any PSR-linked claims. I think that is one of the reasons the original deal fell over.
John Collins
18 Posted 31/07/2026 at 12:49:25
18 Posted 31/07/2026 at 12:49:25
Paul 11.
My point mate. TFG have doubled their stake. Still being minge bags though.
My point mate. TFG have doubled their stake. Still being minge bags though.
Paul Hewitt
19 Posted 31/07/2026 at 13:05:20
19 Posted 31/07/2026 at 13:05:20
How do we know it's TFG holding up transfers?
My bet is the so-called recruitment team couldn't tell their arse from their elbow.
My bet is the so-called recruitment team couldn't tell their arse from their elbow.
Tony Abrahams
20 Posted 31/07/2026 at 13:31:00
20 Posted 31/07/2026 at 13:31:00
Anything over £50M will be their profit, means that they have at least put in £50M more than Bill Kenwright, who quite possibly was the first man to make a real profit out of a football club by using a leveraged buyout?
PSR is to help keep clubs in check financially but it's perfectly acceptable for Billionaires to buy football clubs using a leveraged buyout.
PSR is to help keep clubs in check financially but it's perfectly acceptable for Billionaires to buy football clubs using a leveraged buyout.
John Collins
21 Posted 31/07/2026 at 14:05:28
21 Posted 31/07/2026 at 14:05:28
Who employed the recruitment team, Paul?
Dave Lynch
22 Posted 31/07/2026 at 14:06:31
22 Posted 31/07/2026 at 14:06:31
Paul @19.
Moyes has stated he will have the final say with regard to players coming in.
I await his excuses when we start the season with next to sweet fuck-all!
Moyes has stated he will have the final say with regard to players coming in.
I await his excuses when we start the season with next to sweet fuck-all!
Andy Meighan
23 Posted 31/07/2026 at 14:10:16
23 Posted 31/07/2026 at 14:10:16
The clock is ticking.
Where is the right-back?
Where is the right-back?
Kevin Molloy
24 Posted 31/07/2026 at 14:35:00
24 Posted 31/07/2026 at 14:35:00
We stray by £14M over some arbitrary financial cap and the Premier League fine us nearly 10 points, and then slap us with a £40M compensation figure. And these rules are 'so that you don't go bankrupt'.
When of course, if TFG hadn't bought us, this decision would have literally forced us into said bankruptcy. Meanwhile Chelsea and City sail on with financial crimes which dwarf our petty infraction.
I detest these corrupt bastards.
When of course, if TFG hadn't bought us, this decision would have literally forced us into said bankruptcy. Meanwhile Chelsea and City sail on with financial crimes which dwarf our petty infraction.
I detest these corrupt bastards.
Steve Johnston
25 Posted 31/07/2026 at 14:48:14
25 Posted 31/07/2026 at 14:48:14
Just in from BBC Sport - more PL corruption:
Chelsea have been fined £10M and given a suspended ban from registering new players for two transfer windows for breaching rules relating to payments to agents between 2009 and 2022.
But the club have had a six-point deduction, which was suspended until 30 June 2027, "set aside" on appeal.
Just feck off to a Euro Super League permanently and take the rest of the Sly Six with you, for fuck's sake!!!
Chelsea have been fined £10M and given a suspended ban from registering new players for two transfer windows for breaching rules relating to payments to agents between 2009 and 2022.
But the club have had a six-point deduction, which was suspended until 30 June 2027, "set aside" on appeal.
Just feck off to a Euro Super League permanently and take the rest of the Sly Six with you, for fuck's sake!!!
Kevin Molloy
26 Posted 31/07/2026 at 14:56:15
26 Posted 31/07/2026 at 14:56:15
Steve, yes, they apparently signed a number of players 'illegally' including Eden Hazard. But I'm sure they never made a difference to where Chelsea finished in the league, so no points deducted and £10M sounds harsh indeed.
Meanwhile we drift £15M over the limit in a 3-year period, and it's cost us at least £50M.
Meanwhile we drift £15M over the limit in a 3-year period, and it's cost us at least £50M.
Paul Hewitt
27 Posted 31/07/2026 at 14:58:32
27 Posted 31/07/2026 at 14:58:32
Andy @23. Don't worry. We are preparing a bid, considering a bid. Even discussing making a bid for this Celtic right-back.
Everything but actually putting a bid in.
Everything but actually putting a bid in.
Mal van Schaick
28 Posted 31/07/2026 at 15:04:46
28 Posted 31/07/2026 at 15:04:46
Do not pay a penny until Man City have their case dealt with and are fined and points deducted and trophies removed.
Steve Johnston
29 Posted 31/07/2026 at 15:09:46
29 Posted 31/07/2026 at 15:09:46
Exactly Kevin.
Like Fifa and Infantino, they're not even trying to hide the corruption any more. How more obvious can it be? For me, they're all corrupt; Fifa, Uefa, Premier League.
Just like politics etc, no accountability and no taking responsibility. After all, Who is going to make them pay/call them to order? They have the money, so therefore, they also have the power.
It's Bruce Hornsby (that's just The Way It Is)!
Like Fifa and Infantino, they're not even trying to hide the corruption any more. How more obvious can it be? For me, they're all corrupt; Fifa, Uefa, Premier League.
Just like politics etc, no accountability and no taking responsibility. After all, Who is going to make them pay/call them to order? They have the money, so therefore, they also have the power.
It's Bruce Hornsby (that's just The Way It Is)!
Paul Hewitt
30 Posted 31/07/2026 at 15:13:02
30 Posted 31/07/2026 at 15:13:02
Hazard was going to Man Utd till Chelsea chucked his agent a few quid.
Bill Gall
31 Posted 31/07/2026 at 15:17:29
31 Posted 31/07/2026 at 15:17:29
Paul,
I don't believe that Moyes is even looking for a right-back that has been needed for at least the past 2 seasons. He wants a midfield player who is able to play at right-back, a position that I believe should be filled with an experienced player in this position -- not a Jack of All Trades.
I don't believe that Moyes is even looking for a right-back that has been needed for at least the past 2 seasons. He wants a midfield player who is able to play at right-back, a position that I believe should be filled with an experienced player in this position -- not a Jack of All Trades.
Jack Convery
32 Posted 31/07/2026 at 15:55:36
32 Posted 31/07/2026 at 15:55:36
Chelsea have been fined £10M and given a suspended ban from registering new players for two transfer windows for breaching rules relating to payments to agents between 2009 and 2022.
But the club have had a 6-point deduction, which was suspended until 30 June 2027, "set aside" on appeal.
Not corrupt -- don't make me laugh.
But the club have had a 6-point deduction, which was suspended until 30 June 2027, "set aside" on appeal.
Not corrupt -- don't make me laugh.
Matt Byrne
33 Posted 31/07/2026 at 17:00:25
33 Posted 31/07/2026 at 17:00:25
Let's hope the new Prime Minister gets involved and calls the corruption out for what it is.
Christy Ring
34 Posted 31/07/2026 at 17:04:13
34 Posted 31/07/2026 at 17:04:13
It's totally embarrassing that Chelsea and Man City can get a free reign.
Is Infantino in charge of the Premier League as well???
Is Infantino in charge of the Premier League as well???
Jack Convery
35 Posted 31/07/2026 at 20:18:00
35 Posted 31/07/2026 at 20:18:00
Makes me think is it all worth it now? I don't mind being involved but when the game you're playing is so rigged, so others have a lot more chance of winning, than you would ever have.
Would any of us play roulette in a casino we knew cheated? Would any of us play poker knowing the dealer was cheating? No, we wouldn't... but we are expected to follow a team, some for vasts amount of money, knowing the game is now corrupt to the core.
VAR, a great idea in principle, has made it easier for the enablers to ensure results go the way the Premier League wants them to go.
Yes, you could say, I am totally and utterly dejected with football right now.
Would any of us play roulette in a casino we knew cheated? Would any of us play poker knowing the dealer was cheating? No, we wouldn't... but we are expected to follow a team, some for vasts amount of money, knowing the game is now corrupt to the core.
VAR, a great idea in principle, has made it easier for the enablers to ensure results go the way the Premier League wants them to go.
Yes, you could say, I am totally and utterly dejected with football right now.
Andy Meighan
36 Posted 01/08/2026 at 03:53:35
36 Posted 01/08/2026 at 03:53:35
Matt 33.
With him being a blue, and a good one who goes the games, I doubt he'll get involved.
These alleged charges of City and Chelsea hang high but every man and his dog knows nothing will happen.
Meanwhile, back in the real world, the lesser lights, ie, us, Leicester, Forest etc, are hit with fines and points deductions galore, it absolutely reeks, it really does.
With him being a blue, and a good one who goes the games, I doubt he'll get involved.
These alleged charges of City and Chelsea hang high but every man and his dog knows nothing will happen.
Meanwhile, back in the real world, the lesser lights, ie, us, Leicester, Forest etc, are hit with fines and points deductions galore, it absolutely reeks, it really does.
Steve Brown
37 Posted 01/08/2026 at 04:07:44
37 Posted 01/08/2026 at 04:07:44
2025-26 was the last season under PSR.
We only posted an £8.7M loss in 2024-25 after the sale of Goodison and the women's team. 2023-24 saw a £53M loss, so roughly scope for a £52M loss in 2025-26 basis the £105M PSR cap.
However, our commercial revenue increased dramatically last season with the new stadium; I have seen sources quoting a commercial revenue in the range of £200-250M. That seems to indicate headroom of £100M+ for transfers this summer.
If we don't spend the money this summer, it will be because TFG have decided not to. Or cannot get their targets. I don't think Hackney and Johnston will move the dial much in terms of player strength.
This is a weaker squad than we had last season, as it stands.
We only posted an £8.7M loss in 2024-25 after the sale of Goodison and the women's team. 2023-24 saw a £53M loss, so roughly scope for a £52M loss in 2025-26 basis the £105M PSR cap.
However, our commercial revenue increased dramatically last season with the new stadium; I have seen sources quoting a commercial revenue in the range of £200-250M. That seems to indicate headroom of £100M+ for transfers this summer.
If we don't spend the money this summer, it will be because TFG have decided not to. Or cannot get their targets. I don't think Hackney and Johnston will move the dial much in terms of player strength.
This is a weaker squad than we had last season, as it stands.
Alan J Thompson
38 Posted 01/08/2026 at 07:02:40
38 Posted 01/08/2026 at 07:02:40
Cash shouldn't be put aside to cover this. We should be taking steps to appeal it in every court in the land -- stretch it out like Man City have. We should only settle when it is less than half of Chelsea's fine, if at all. At every opportunity, raise the Man City case to shine some light on the corruption that doesn't administer equality at any level.
Were we the only club considered to have broken rules? If not, why don't other clubs' indiscretions count towards any compensation?
Were we the only club considered to have broken rules? If not, why don't other clubs' indiscretions count towards any compensation?
Paul Griffiths
39 Posted 01/08/2026 at 07:40:02
39 Posted 01/08/2026 at 07:40:02
Lee Courtliff @1:
I'm from Burnley. My family and friends are Burnley fans.
Sounds like an opening statement at an AA meeting, Lee!
I'm from Burnley. My family and friends are Burnley fans.
Sounds like an opening statement at an AA meeting, Lee!
Derek Thomas
40 Posted 01/08/2026 at 08:23:09
40 Posted 01/08/2026 at 08:23:09
Fifa, Uefa, Premier League, VAR, Man City, Chelsea (and the rest of the Sky 6 too, who just haven't been found out yet) -- all bent, just to different degrees and directions. Uefa probably only kicked off at Infanto because they didn't think of it first with the Champions League.
I only watch Everton -- and that on TV from the other side of the world -- out of habit, just to see if that boring KITAP1 twat Moyes can put together one piece of joined-up football.
I've been to the new stadium once just to 'sign on' as it were... and I never did find my stone on the big floor of names.
Even if I still lived in my old house in Garston, if I did 3 games a season, I'd consider I'd put my self out enough. And they wouldn't be Monday night 8 pm kick-offs either, sod that for a game of soldiers! It's a total arse of a place to get home from with my knees.
Fuck em all... but I'll still be watching, what else you gonna do?
I only watch Everton -- and that on TV from the other side of the world -- out of habit, just to see if that boring KITAP1 twat Moyes can put together one piece of joined-up football.
I've been to the new stadium once just to 'sign on' as it were... and I never did find my stone on the big floor of names.
Even if I still lived in my old house in Garston, if I did 3 games a season, I'd consider I'd put my self out enough. And they wouldn't be Monday night 8 pm kick-offs either, sod that for a game of soldiers! It's a total arse of a place to get home from with my knees.
Fuck em all... but I'll still be watching, what else you gonna do?
Lee Courtliff
41 Posted 01/08/2026 at 11:30:40
41 Posted 01/08/2026 at 11:30:40
Paul #39, it feels like that too, especially during their Dyche-ball era when they thought they had a great manager and a great defence who should "play for Engerlund".
Michael Kenrick
42 Posted 01/08/2026 at 13:20:20
42 Posted 01/08/2026 at 13:20:20
Paul Quinn provides his take on this is a short article on his website:
New cash injection by Roundhouse Capital takes cash commitment so far to £373M
The additional share issue involved (221,954) prices them at £175 per share and increases the total number of shares outstanding to a whopping 2,198,935. On that simplistic basis, the club is valued at £385M.
New cash injection by Roundhouse Capital takes cash commitment so far to £373M
The additional share issue involved (221,954) prices them at £175 per share and increases the total number of shares outstanding to a whopping 2,198,935. On that simplistic basis, the club is valued at £385M.
Paul Griffiths
43 Posted 02/08/2026 at 02:13:09
43 Posted 02/08/2026 at 02:13:09
Hmmm (41): Tarkowski, Keane
Eric Myles
44 Posted 02/08/2026 at 12:47:07
44 Posted 02/08/2026 at 12:47:07
MK #42, I see you're having the same problem with links on this site that I have.
Michael Kenrick
45 Posted 02/08/2026 at 13:53:08
45 Posted 02/08/2026 at 13:53:08
Thanks for spotting that, Eric. I've fixed it now.
If you get the HTML syntax right with the URL button (that is, the full URL between the quotes, and the text title between the angle brackets), it should work.
But if you have to go back in using the Edit button, that trashes any links.
If you get the HTML syntax right with the URL button (that is, the full URL between the quotes, and the text title between the angle brackets), it should work.
But if you have to go back in using the Edit button, that trashes any links.
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1 Posted 31/07/2026 at 09:15:48
I hope they get to the play-off final and completely dominate the game but are unable to find a richly deserved goal... then get beat in the last minute with the oppositions 1 and only shot on target in the whole match!