Everton Friedkin Group owners inject £38m, reportedly to pay Burnley Sport Business Everton owners The Friedkin Group have injected £38m into the club, reportedly to cover compensation owed to Burnley. The club was deemed to owe Burnley close to £40m after a landmark ruling earlier this year but the Premier League Independent Disciplinary Commission after the Clarets successfully argued that the Toffees’ breach of Profitability and Sustainability [...]
Everton ‘surprised and angered’ at losing £40m legal case with Burnley Sport Business Everton have blasted the decision to order them to pay a reported £40m after losing a landmark legal battle with Burnley over the latter’s relegation from the Premier League in 2022. The Merseyside club said they were “surprised and angered” by the verdict from a Premier League independent disciplinary commission that Everton’s breaching of spending [...]
Premier League’s new financial rules will have winners and losers Sport Business Incoming Squad Coast Ratio rules across the Premier League will breed a new wave of winners and losers, experts have warned. The conclusion of the Premier League season on Sunday – which saw champions Arsenal lift their first title in 22 years – aligned with the end of Profit and Sustainability Rules, where teams could [...]
Championship clubs up promotion gamble by adopting new financial rules May 15, 2026 Loss-making Championship clubs have raised the stakes in their £1.2bn gamble to reach the Premier League by voting in new financial rules. Teams in the second tier have agreed to adopt a framework based on squad cost ratio (SCR), similar to those set to be implemented in the top division, from next season. The new [...]
US giants dominate AI payments race amid Wall Street jitters February 25, 2026 US giants continue to lead the charge in the payments industry’s AI acceleration even as the sector gets swept up in Wall Street’s tech jitters. Visa led a three-horse race followed by Mastercard, then Paypal in the Evident AI’s inaugural index for the payments sector. The three towered above their peers, thanks largely to consistently [...]
Bank of Ireland’s UK arm hit with £3.8m fine for fraud failures February 19, 2026 The Bank of Ireland’s UK arm has been slapped with a hefty fine after failing to hit the deadline by over a year to implement an anti-fraud service. The lender was hit with a £3.7m fine from the Payments Systems Regulator (PSR) for missing the deadline by 14 months for a “vital” service that would [...]
Leicester City’s points deduction shows the tail doesn’t always wag the dog February 6, 2026 The Premier League’s victory over Leicester City shows that clubs can’t lose money with impunity, but is it one battle in a much bigger war, writes Aaryaman Banerji. Every ruling tells a story. And so it is that English football has become something of an anthology. This week’s verdict by a three-man independent commission, finding that Leicester City had breached EFL Profit and [...]
Payments watchdog won’t be abolished ‘any earlier than 2027’ February 4, 2026 The boss of the payments watchdog has said he doesn’t expect the regulator to be officially abolished any earlier than the first quarter of 2027 as criticism grows over the slow progress of reforms in the sector. David Geale, managing director at the Payment Systems Regulator (PSR), said he had “not seen the outcome” of [...]
England cricket chiefs refusing to let counties blow Hundred cash on wages January 21, 2026 The England and Wales Cricket Board is at loggerheads with a number of counties who are growing increasingly frustrated at delays in accessing the proceeds from the £520m sale of stakes in the eight Hundred franchises last year. While the ECB have already distributed tens of millions of pounds from the sale to counties with [...]
Premier League clubs to pay levy on overspend after approving new rules November 21, 2025 Big-spending Premier League clubs will pay a levy on any overspend as part of new Squad Cost Ratio (SCR) financial rules voted in for next season. At a shareholders meeting today in London, a vote to introduce SCR in place of the controversial Profitability and Sustainability Regulations (PSR) achieved the required majority. They rejected proposals [...]