Breaking News — Everton handed 10-point deduction by the Premier League for FFP violations
Everton have been docked a massive 10 points for violating the Premier League’s profitability and sustainability rules (PSR).
The Premier League issued a complaint against the Merseyside club early this year and referred the case to an independent commission which has imposed a 10-point deduction that is effective immediately.
During the proceedings, the club admitted it was in breach of PSR rules for the period ending the 2021/22 season but they were in dispute on the extent of the breach.
A statement by the commission sanctioning the penalty reads:
“Following a 5-day hearing last month, the commission determined that Everton FC’s PSR calculation for the relevant period resulted in a loss of £124.5 million as contended by the Premier League which exceeded the threshold of £105 million which is permitted.”
“…therefore the commission concludes that a sporting sanction in the form of a 10-point deduction should be imposed and that sanction has immediate effect.”
Everton has expressed shock and disappointment by the ruling and plan to appeal the verdict as they believe the commission has imposed a wholly disproportionate and unjust sporting sanction.
The club has already communicated its intention to appeal the decision to the Premier League and the appeal process will now commence with the club’s case being heard by an Appeal Board that is going to be appointed in due course.
A statement issued by the club in response to the penalty imposed reads:
“Everton maintains that it has been open and transparent in the information it has provided to the Premier League and that it has always respected the integrity of the process.
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.
the club will also monitor with great interest the decisions made in any other cases concerning the Premier League’s profit and sustainability rules. Everton cannot comment on this matter any further until the appeal process has concluded.”
With the 10-point deduction, Everton will be joint-bottom with Burnley in the Premier League on 4 points — and only above them on goal difference.
Other clubs with pending cases awaiting closure include Manchester City which was charged for making over 100 financial rule breaches for the nine-year period between 2009 and 2018.
Chelsea are also facing further scrutiny from football authorities over reports of undeclared payments connected to the club’s former owner Roman Abramovich.
Those breaches were reported by the new Stamford Bridge ownership following the club’s sale to a consortium led by American investor Todd Boehly and private equity firm Clearlake Capital in May 2022.