Steve Parish hopes to see improved rules implemented in the Premier League plus a "fair and proportionate" punishment as the results of Everton's Financial Fair Play case are awaited.
The Crystal Palace chairman also paid tribute to his Blues counterpart Bill Kenwright, who passed away earlier this week.
It has been speculated by the Telegraph the it could come in the form of a points deduction, fine or even a transfer embargo, with the Premier League recommending an extremely severe penalty.
Parish was asked about the matter by Jamie Carragher
But first and foremost, he honoured the late Kenwright and his work throughout 19 years as Everton's chairman.
Parish
"Can I just mention Bill [Kenwright] because I was so close to that man and he’s done an excellent job at that club - one of only six clubs that have never been relegated and what a job he did,"
"On one level it’s sad to see them where they are with the issues they have got, but on another level he’s built an exciting future for the club.
"The new stadium is being built and Everton will always be a big club and they will be an even bigger club."
"As far as sanctions go, I don’t think the rules that we had, with this three-year retrospective look back were effective rules because it gave you rules that would allow you to have a squad in breach of the rules if you like, until four years down the road or even thinking that you could fix it somehow.
"I think everybody is looking for a better set of rules.
The financial breaches for Everton related to were losses of £372m posted in the 2021/22 campaign.
Parish added
"People quite rightly feel that if some people are following the rules and some people aren’t, then there should be a penalty for that,"
"I can’t comment on whether Everton have or haven’t broken the rules, we don’t know that and don’t have that kind of insight.
"I know there is a case going on and I’m sure they will get to the right answer with that and I hope it’s fair and proportionate whatever they do."
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