Does it?
I'd have thought they'd be looking to spend, and quick before any possibility of any embargo.
Everton have to provide t-2, t-1, and t (current season) accounts, t+1 and t+2 projections
The Premier League can act if the club go outside of the agreed projections also for future seasons.
This appears to be the case here. Everton went outside of agreed limitations in their projections. It also appears to be the case as to why Gordon was sold and no purchases as EFC knew in January 2023 that there was going to be an issue.
The fact that the audited accounts still have not been published and Everton released via email and the media the "EVERTON WAY" stone purchase thing yesterday three hours before the Premier League announcement is absolutely scandalous
It is a repeat of "Headlock Gate" from 14 January, when the club 3 hours before the Southampton game and major protests by #AllTogetherNow NSNOW etc were briefing smears to the press of attacks, headlocks and threats with ZERO EVIDENCE and no police reports
This is how people at Everton Football Club, including that disgrace: Bill Kenwright - behave