'Look at the £1bn...' - Simon Jordan issues Everton & Arsenal verdict as news emerges on Monday

Simon Jordan has asked for more scrutiny on the loans given by owners of Everton, Arsenal and Brighton to their clubs amid the recent Manchester City-APT development.

An independent arbitration panel found elements of the APT rules unlawful, stating that the exclusion of shareholder loans was a breach of competition law and procedural fairness.

The Toffees have been handed loans of £451million by their shareholders while Arsenal and Brighton have also been given a significant amount by the people in charge of their respective clubs. [The Times, 7 October]

Via X, Jordan wrote: “Not only have man city driven a bus through the calculations utilized for APT.

“They are now effectively saying you want to see unlawful APT …

“Go look at the £1 billion of interest free loans; Everton, Arsenal and Brighton owners have given to their clubs.”

Everton have certainly been hard done by in previous rulings

The need to rewrite the Premier League’s financial rules, particularly after Manchester City’s APT case, stems from ensuring fairness and legal consistency across all clubs, including the Toffees, Arsenal and Brighton.

The arbitration panel’s ruling highlighted an imbalance where shareholder loans, often interest-free, were not subjected to the same scrutiny as other financial transactions with related parties.

This discrepancy allows clubs with wealthier owners to bypass typical financial constraints, potentially skewing competitive balance.

For Everton, who’ve faced significant penalties recently, the current rules’ application seems punitive and retroactively unfair, especially if similar financial practices by other clubs are not equally challenged.

Redrafting rules to encompass all forms of owner investments would ensure that all clubs operate under the same financial conditions, promoting a level playing field.

This revision could prevent perceptions of injustice and maintain the integrity of the league’s financial regulations.

In other Everton news, Alan Myers has claimed that the Toffees have agreed a deal in principle for a new free agent signing.

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