Leicester City have written to Everton’s future owners 777 Partners to tell them that they will sue them for £100 million if they are found guilty of breaking the Premier League spending rules.
According to the Daily Mail, Leicester have written a joint letter with Leeds United and Burnley, stating that they will sue Everton for £300 million combined if they are found guilty of overspending to avoid relegation.
The £300 million, £100 million for each, is said to be for covering the losses of Premier League income for one season.
It is said that they have asked if the prospective owners are aware of their plan to sue the Blues, pending the outcome of a Premier League independent tribunal on the 25th of October.
It is also said that the letter was initially addressed to the Premier League, who have replied ‘acknowledging the correspondence’ and saying that they will pass on the information to 777 Partners, shriek they gain control of the club.
Leicester were relegated along with Leeds from the Premier League last season, whilst Everton stayed up. They are unhappy that the issues surrounding Everton’s overspending were not dealt with last season, as both feel they could have stayed up of Everton were given a points deduction.
Burnley had been relegated the previous season to the Foxes, but Everton got away with the. Charges that year due to the losses being attributed to Covid.
Should Leicester sue? What could the money mean for the club?
Leicester have every right to sue, as they finished 18th in the Premier League last season, two points off Everton. They also had a better goal difference, so should Everton have been deducted at least two points, Leicester would have stayed up and avoided relegation to the Championship.
A potential £100 million windfall would be crucial for Leicester, especially for their long-term future should they not be promoted back to the top flight at the first time of asking, with a number of players still on Premier League wages.