Everton Receives 10-Point Premier League Deduction

Everton have been handed a 10-point deduction after being found to have breached the Premier League’s profit and sustainability rules.

Everton have announced that they intend to appeal against the decision.

The Premier League referred Everton to an independent commission in March but did not reveal the specifics of the club’s alleged breach.

Everton posted financial losses for the fifth successive year in March after reporting a £44.7m deficit in 2021-22.

Premier League clubs are permitted to lose £105m over a three-year period and Everton admitted to being in breach of the profit and sustainability rules (PSR) for the period ending 2021-22.

Following a five-day hearing in October, the commission found in favor of the Premier League that Everton’s losses during that period amounted to £124.5m.

In a statement, Everton said: “The club does not recognize 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.

“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 deduction leaves the Toffees level with bottom club Burnley on four points after 12 matches – and two points adrift of safety.

Sean Dyche’s side, who ended last season two points above the relegation places, had been 14th in the standings – and eight points clear of the bottom three.

Manchester City is the only other club to have been charged by the Premier League for financial breaches when they were referred to an independent commission over more than 100 alleged rule breaches between 2009 and 2018.