Three Premier League clubs are preparing a lawsuit against Everton

Leicester, Leeds and Burnley are planning to sue Everton for a total amount of £300 million, as reported by Daily Mail.

Today, on November 17, the leadership of the English Premier League harshly penalized Everton. The team was deducted 10 points in the English Premier League standings for the current season. The reason behind this decision was a violation of financial fair play rules by the club's management.

Burnley, Leeds and Leicester intend to file a lawsuit. It emerged from an assessment of the damages caused not by Everton's relegation. The leaders of the three clubs held negotiations during which their intentions were confirmed. Last season, the "Toffees" avoided relegation from the Premier League on the final matchday. Leeds and Leicester were relegated to the Championship.

Burnley believes that Everton violated financial fair play rules even in the previous season when the "Clarets" were relegated from the Premier League.

All three clubs expressed dissatisfaction that Everton's case verdict was not issued during the previous season. If points had been deducted from the "Toffees" last season, they would have been relegated. After the Premier League commission found Everton guilty, the clubs believe they are in an even stronger position.

Moreover, the prospect of facing a joint lawsuit from three other teams is another serious blow for Everton and may jeopardize the planned acquisition by the American investment company 777 Partners.