Premier League teams lack financial docs as time ticks

Several Premier League clubs have not yet submitted their official financial docs for the 2022/23 year. Much like the English top-flight season, financial years do not align with the typical calendar. Instead, the specific timeframe runs from July to June each year. The deadline for these filings is currently Sunday, March 31st.

Delays in making the Premier League financial docs public tend to raise concerns with those teams involved. Officials could very well wonder about a potential lack of transparency due to the last-minute financial submissions.

Multiple top-flight clubs in England have been hit with charges this season due to profit and sustainability (PSR) and/or financial fair play (FFP) violations. Everton became the first club to be docked points last fall, while Nottingham Forest has also recently received a reduction as well. These two sides, however, are not the only clubs to have worries over the issue. All Premier League sides now know that authorities are taking a hard line and may issue harsh penalties at any moment.

Everton has already been charged twice with PSR violations

According to The Guardian, 11 Premier League teams have filed their appropriate 2022/23 financial documents to Companies House. Manchester City, on the other hand, instead opted to publish their annual paperwork directly on their own website. Of the eight remaining teams, seven must officially file their report by Sunday. Burnley will receive additional time due to their financial year ending a month later than normal.

While financial information for all 20 Premier League clubs is important considering recent penalties, two teams in particular stand out. Soccer financial expert Stefan Borson explained this situation in an interview with the aforementioned news outlet.

“Almost every set of accounts in this cycle has matters of interest and consequence,” stated Borson. “Most interesting will be Everton, especially in respect of the debt on the balance…

Source link : https://worldsoccertalk.com/news/premier-league-teams-lack-financial-docs-as-time-ticks

Author : Chris Moore

Publish date : 2024-03-29 21:42:19

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