Everton are preparing to negotiate with the Premier League over their financial accounts amid fears they could become the first club to breach the top flight's profit and sustainability rules.
The club were due to publish their accounts for the 2020-21 season last December, but publication has been delayed as they seek clarification from the Premier League over how much of their losses can be offset due to the impact of Covid.
Everton recorded combined losses of over £260m between 2017 and 2020, which in ordinary circumstances would represent a clear breach of Premier League rules, which state that clubs are only permitted to lose a maximum of £105m over three years.