Everton Hit With10 Points Deduction for Breaking Premier League Financial Rules

Everton have been docked 10 points for violating Premier League profit and sustainability criteria, dropping them to 19th in the rankings.

ALSO READ:  Ahmed Musa: Leicester City sign forward for club-record £16m fee
ALSO READ:  Simone Edwards: The First Caribbean Player In WNBA Has Died At 49


In 2021-22, the Premier League club was charged with breaking financial restrictions. Over a three-year span, the Toffees incurred astounding financial losses of about £372 million.


That is more than £250 million more than the Premier League’s guidelines allow clubs to lose during a three-year rolling period. The alleged technical infractions involved accounting processes, with the League claiming Everton violated profit and sustainability regulations (PSR).


The deduction given by the independent committee is the highest in Premier League history, pushing Sean Dyche’s team into the relegation zone.


A Premier League statement this afternoon read: ‘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 Premier League issued a complaint against the club and referred the case to an independent commission earlier this year.


‘During the proceedings, the club admitted it was in breach of the PSRs for the period ending Season 2021-22 but the extent of the breach remained in dispute.


‘Following a five-day hearing last month, the commission determined that Everton FC’s PSR calculation for the relevant period resulted in a loss of £124.5million, as contended by the Premier League, which exceeded the threshold of £105million permitted under the PSRs.


‘The commission concluded that a sporting sanction in the form of a 10-point deduction should be imposed. That sanction has immediate effect.’

Rap Mogul Diddy Sued For R*pe By Singer Cassie

Mbappe Agrees to Forego PSG Bonuses Worth £70 Million