Everton, who are set to sign James from Real Madrid, will be one of the biggest beneficiaries of the relaxed regulations having made big losses in the past two seasonClubs in danger of breaching the Premier League’s financial regulations have been given a stay of execution after it secretly relaxed its profit and sustainability rules due to the coronavirus pandemic. Top-flight clubs’ finances will now be assessed over an average of last season and next season together rather than just the 2019-20 campaign. The clubs will also be allowed to write off any losses or extra spending caused by the Covid-19 crisis, such as reduced gate receipts or lower television income. Everton are potentially the biggest beneficiaries of the rule change, which was agreed by the top-flight clubs at their annual meeting last month as it has bought them more time. The rules state that clubs’ maximum permitted losses are £105 million over a

Source: The Times September 04, 2020 15:56 UTC