Burnley parent company development raises fresh question over Everton £35m appeal

Burnley parent company Velocity Capital (UK) Holdings Ltd has received a compulsory strike-off notice from Companies House due to overdue accounts. The development has raised concerns over Everton's £35m compensation payment while the Merseyside club awaits the outcome of its appeal. Everton had previously sought protection over the funds, expressing worry about potential repayment issues.

Everton were ordered to pay Burnley £26m in damages plus approximately £9m in interest over a 2021/22 PSR breach. Although the club previously requested that the funds be held in escrow, the commission rejected the application. ALK Capital stated it is working to resolve the overdue filings with Companies House ahead of Everton's scheduled January appeal.