Everton are confident they will avoid any penalty for breaching the Premier League's financial Fair Play rules after posting huge losses for three years in a row.
But football finance experts still believe it will be a close call and top flight rivals may yet challenge the Toffees and the League.
Everton posted a loss in their annual accounts to the end of June 2021 of £120.9 million. Over the last three years, total losses have amounted to £372.6M with the club reliant on owner Farhad Moshiri.
However, the Premier Leagues Profit and Sustainability rules only allow an adjusted loss of £105M in a three-year period and failure to comply would result in sanctions, which could include a points deduction.