Everton referred to commission over alleged breach of EPL's financial rules

Everton have been referred to an independent commission over an alleged breach of the Premier League's financial rules, it was announced Friday.

A statement from the English top flight said: "The Premier League confirms that it has today referred an alleged breach of the league's profitability and sustainability rules by Everton Football Club to a commission."

The alleged breach is for the period ending with the 2021-22 season.

Everton, who are currently just two points above the relegation zone, have been struggling financially for several years.

The Merseyside club, however, retain the financial backing of billionaire shareholder Farhad Moshiri, who committed £100 million through a new share issue during 2020-21 and provided a further injection of £97 million after the end of the financial year.