January 17, (THEWILL) – The ongoing Financial Fair Play (FFP) investigations into English Premier League clubs Manchester City and Chelsea have received updates, while fellow top-flight sides Everton and Nottingham Forest have also been charged, according to Richard Masters, Chief Executive Officer of the EPL.
Speaking at the Culture, Media and Sport Select Committee on Tuesday, Masters confirmed “a date has been set” for Manchester City’s hearing over 115 alleged FFP breaches between 2009-2018. However, no further details were provided on the specific date. Chelsea also continue to be investigated after their new ownership reported “potential issues” in the club’s financial accounts left by former owner Roman Abramovich.
Since both probes began, Everton were handed a points deduction after being found guilty of financial breaches, while the Toffees and Forest were charged again with FFP violations on Monday. Masters stated enforcing the rules was a “very solemn duty” but had to be done to protect compliant clubs and fanbases.
The investigations come after June 2022 changes allowing a more “expedited process” and three-year look-back at club finances. Masters noted that in Everton’s case, the decision came “a season after they were found of being in breach.” The aim is for the revised rules to enable quicker outcomes.
With City and Chelsea still facing scrutiny alongside fresh charges against Everton and Forest, financial governance in the EPL continues to make headlines. As the richest league globally, maintaining regulations remains highly important amidst rising club expenditures.
About the Author
Jude Obafemi is a versatile senior Correspondent at THEWILL Newspapers, excelling in sourcing, researching, and delivering sports news stories for both print and digital publications.
