- Everton were accused of breaching financial regulations in the 2021/22 season
- An investigation was opened in March & has led to a points deduction
- Everton drop to 19th in the Premier League table
The Premier League has officially announced that Everton has been docked ten points for violating Financial Fair Play rules for the 2021–2022 season.
In March 2023, Everton was looked into for possible financial violations after Burnley and Leeds United filed complaints. The team quickly refuted the claims.
The Premier League, however, has now determined that Everton has excessive losses, and the Toffees will immediately lose ten points.
“An independent Commission has imposed an immediate deduction of 10 points on Everton FC for a breach of the Premier League’s Profitability and Sustainability Rules (PSRs),” the statement stated.
Earlier this year, the Premier League filed a complaint against the Club and forwarded the matter to an impartial Commission. The Club acknowledged during the proceedings that it had violated the PSRs for the season ending in 2021–2022, although there was disagreement about how much.
“The Premier League argued that Everton FC’s PSR Calculation for the relevant period resulted in a loss of £124.5m, which surpassed the level of £105m authorized under the PSRs. The Commission found this after a five-day hearing last month. The panel came to the conclusion that a 10-point deduction should be applied as a sporting sanction. That penalty is effective right now.”
As a result of the penalty, Everton drops from 14th to 19th place in the Premier League standings, where they are level with Burnley at the bottom on four points but ahead on goal differential.
In reaction to the penalty, a Toffees statement said, “Everton Football Club is both startled and saddened by the Premier League’s Commission’s verdict.
“The Club feels that a completely unfair and disproportionate sports consequence has been imposed by the Commission. The Club has already informed the Premier League of its plan to appeal the ruling. The Club’s case will now be heard by an Appeal Board that has been formed in accordance with Premier League regulations, and the appeal process will officially begin.
“Everton insists that it has always respected the process’ integrity and has been open and upfront in the information it has given the Premier League. The Club does not acknowledge the conclusion that it did not operate in good faith, and it is not know that the Premier League has made this claim at any point during the proceedings. The Commission’s sentence, in terms of both its severity and its harshness, does not fairly or rationally represent the facts that was presented.
“The Club will also be closely watching any further rulings pertaining to the Premier League’s Profit and Sustainability Rules.”
Everton cannot comment on this matter any further until the appeal process has concluded.”
