• Sunday, June 16, 2024
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Everton docked 10 points for breaching financial fair play rules

Everton football club have been hit with a massive 10 points deduction by an independent commission after being found to have breached Premier League financial rules during the 2021/22 season.

Following the penalty Everton will be left in 19th place in the table and within relegation territory.

Read also: Iwobi pays tribute to Everton chairman Bill Kenwright

The Premier League dictates that clubs are only allowed to lose up to £105 million over three years, and those that breach this threshold have broken its so-called Profitability and Sustainability Rules (PSRs).

In a statement, the commission said it found that Everton’s “PSR Calculation for the relevant period resulted in a loss of £124.5 million.”

“The Commission concluded that a sporting sanction in the form of a 10-point deduction should be imposed,” it noted.

Meanwhile Everton has confirmed it will appeal the shock Premier League decision to deduce the Toffees of 10 points.

In a statement, Everton said:

“The club does not recognise the finding that it failed to act with the utmost good faith and it does not understand this to have been an allegation made by the Premier League during the course of proceedings.

“Both the harshness and severity of the sanction imposed by the commission are neither a fair nor a reasonable reflection of the evidence submitted.

Read also: Everton chairman Bill Kenwright dies aged 78

“The club will also monitor with great interest the decisions made in any other cases concerning the Premier League’s profit and sustainability rules.”

The points deduction comes at a time of significant uncertainty at Everton.