Everton has incurred a 10-point deduction due to breaching profit and sustainability regulations, as stated by the Premier League. This deduction, effective immediately, drops the club’s tally to four points, thrusting them into the relegation zone. Expressing shock and disappointment, the club deems the penalty “wholly disproportionate” and intends to challenge it through an appeal process.
This consequence follows the league’s referral of Everton to an independent commission in March after scrutinising the financial records of all top-tier clubs for the 2021-22 season. The regulations permit clubs to sustain losses of up to £105 million within three years; however, Everton reported losses of £124.5 million for the relevant period, leading to the imposed penalty.
In response to the deduction, Everton released a statement citing the unfairness and severity of the commission’s sanction, emphasising the club’s transparency and adherence to the process. They plan to appeal the decision, noting their disagreement with the accusations of acting in bad faith.
Furthermore, Everton intends to observe how other cases involving the Premier League’s profit and sustainability rules unfold. They have refrained from making additional comments until the appeals process concludes.
Mayor Steve Rotheram of Liverpool City Region condemned the points deduction, labeling it ‘excessively unfair’. He pledged support for Everton’s appeal and announced plans to petition the Premier League for its revocation, emphasising the importance of fairness over team rivalry.
In its statement, the Premier League highlighted Everton’s admission of breaching Profit and Sustainability Regulations (PSRs) for the period ending the 2021/22 season, with a disputed extent of the breach. Following a five-day hearing, the Commission determined Everton’s loss at £124.5 million, surpassing the £105 million threshold permitted under the PSRs, thereby leading to the imposed 10-point deduction with immediate effect.
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