- A shareholders meeting is being held at a five-star hotel in London today
- Premier League chiefs have arrived to discuss a number of contentious issues
- It’s the world against Everton – it can galvanise the players to stay up – IAKO
Premier League chiefs have arrived at a five-star hotel in London this morning for what promises to be a fascinating shareholders meeting.
West Ham vice-chairman Karren Brady and Burnley chairman Alan Pace were both seen entering The Churchill Hyatt Regency Hotel in west London, with a number of contentious issues set to be on the agenda.
The meeting comes just four days after Everton were left stunned at being hit with a 10-point deduction for breaching financial rules.
The significant penalty has seen Sean Dyche‘s men drop into the bottom three, but the Toffees have vowed to appeal the verdict.
Things could get worse for them, though, as Burnley, Leicester and Leeds – who have all been relegated from the Premier League in the last two seasons – are seeking £300m in compensation due to believing Everton’s breaches helped keep them in the top flight.
West Ham vice-chairman Karren Brady arrived at the five-star hotel on Tuesday morning
Burnley chairman Alan Pace was also seen going into the west London hotel for the meeting
Newcastle co-owner Amanda Staveley was present at the Premier League meeting in London
The Churchill Hyatt Regency Hotel (pictured) is a five-star hotel in west London
Everton’s 10-point deduction will be high on the agenda, with Sean Dyche’s men now in the relegation zone
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If they are successful with their claim, this could plunge Everton into administration and see them deducted a further nine points.
But Everton feel the punishment handed down to them last week was ‘unjust’ and in a statement released on Friday, they declared they would ‘monitor with great interest the decisions made in any other cases concerning the Premier League’s profit and sustainability rules’.
This appeared to allude to how Manchester City currently have 115 charges hanging over them from back in February for allegedly breaking financial rules.
Their case remains ongoing, but shareholders from rival clubs are likely to question today if progress is being made in coming to a decision on whether City are guilty of any wrongdoing and what the potential punishment could be.
Another topic of conversation will surround temporarily banning loaning players from clubs who have the same owners.
Newcastle have been linked with potentially trying to loan players from the Saudi Pro League in January to bolster their squad, with Eddie Howe admitting he is an admirer of Al-Hilal’s Ruben Neves.
Premier League chiefs are likely to ask for an update on Man City’s case, as the champions have 115 charges hanging over them for allegedly breaking financial rules
A vote is set to be held on temporarily banning loan players from clubs with the same owners. Newcastle and Al-Hilal are both owned by Saudi Arabia’s Public Investment Fund
However, Newcastle and Al-Hilal are both owned by Saudi Arabia’s Public Investment Fund (PIF), and some teams are concerned about the possibility of temporary transfers being done between ‘associated clubs’.
A two-thirds majority is needed for the temporary rule to go through, and it is expected to be a close call.
It appears Newcastle’s chances of landing Neves already look to have diminished, with the Portuguese midfielder expected to stay at Al-Hilal beyond January, but if the temporary ban is given the green light this would completely rule them out of contention to secure his signature.
A new deal for funding the Football League is also expected to be ratified.
Reports on Monday claimed clubs will look to put pressure on the ‘big six’ to contribute more to a £130m rescue fund for the EFL.