---
title: "Burnley parent company development raises fresh question over Everton £35m appeal"
canonical: "https://readeverton.com/everton-burnley-35m-appeal/"
type: "post"
language: "en-GB"
author: "Gary Gowers"
section: "Everton News"
published: "2026-10-28T15:13:36Z"
modified: "2026-10-28T15:13:36Z"
---

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

**A fresh development involving Burnley’s parent company has raised further questions over [Everton](https://readeverton.com/)‘s £35m compensation payment as the Blues wait for their appeal to be heard.**

Velocity Capital (UK) Holdings Ltd has received a compulsory strike-off notice from Companies House after failing to file overdue accounts, prompting BBC Radio Merseyside journalist [Giulia Bould](https://x.com/GiuliaBould/status/2115423674488549536) to highlight Everton’s previous attempt to protect the money pending their appeal.

## Everton had asked for £35m payment to be protected

Football finance expert Kieran Maguire drew attention to the Companies House development on Wednesday, with Velocity’s accounts now almost two years overdue. A first Gazette notice means the company is at risk of being struck off rather than that it has already been dissolved.

Giulia Bould subsequently highlighted the potential significance for Everton, pointing out that the club had previously sought protection over the compensation payment while its appeal remained outstanding.

Writing on X, the BBC Radio Merseyside journalist said the situation was now “all a bit tricky” if Everton win their appeal, before noting that a request had already been made for the compensation to be held pending its outcome.

That point is supported by the published case documents. Everton sought a stay on enforcement of the award and argued there was a “real risk” Burnley might be unable to repay the money if the appeal succeeded. The club proposed alternatives including placing the money in escrow or requiring a bank guarantee, but the commission rejected the application.

Everton were ordered to pay Burnley £26m in damages plus around £9m in interest over their 2021/22 PSR breach. They immediately appealed the decision, describing it as “fundamentally flawed in both law and fact”.

Velocity’s strike-off notice does not mean Burnley are unable to repay Everton should the appeal succeed. ALK Capital has said it is working with Companies House, accountants and auditors to resolve the overdue filings and expects to submit them in the coming weeks.

It does, however, bring renewed attention to a risk Everton had already raised before making the payment. With the appeal due to be heard in January, Bould’s intervention has put that unresolved issue firmly back into focus.

***For all the latest Everton news, reaction and analysis, visit our** [**Everton news page**](https://readeverton.com/news/)**.***