Key facts
- The Friedkin Group injected £38 million into Everton.
- The funds are reportedly to pay compensation owed to Burnley.
- Burnley successfully argued Everton's breach of Profitability and Sustainability Rules gave them an unfair advantage.
- Everton were previously deducted six points in 2023 for a separate breach.
- The Premier League Independent Disciplinary Commission awarded Burnley £26m plus interest.
Everton's owners, The Friedkin Group, have injected £38 million into the club, a move reportedly aimed at covering compensation owed to Burnley. This follows a ruling earlier this year where a Premier League Independent Disciplinary Commission found Everton in breach of Profitability and Sustainability Rules for the 2021-22 season, which they determined gave the club an unfair advantage. Everton finished 16th that season, narrowly avoiding relegation, while Burnley were relegated to the Championship. The commission awarded Burnley £26 million in compensation, plus interest which amounted to nearly £10 million. The capital injection was registered as a share issue, with 221,965 shares allotted at £175 each. The Friedkin Group completed their majority takeover of Everton in 2024, valuing the club at £500 million, and the club's current worth is estimated to be over £600 million, partly due to the development of their new stadium at Bramley-Moore Dock. Everton had previously stated they believed the ruling was flawed and that they had already received a substantive sporting sanction for the breach.