The Premier League have announced that Everton will receive a ten-point deduction after being found guilty of breaching Financial Fair Play (FFP) rules. Sean Dyche's side currently sit 14th in the table having accrued 14 points.
But a deduction would see them drop down to 19th, level on points with bottom-of-the-table Burnley. A statement from the league 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.» The sanction has been imposed with immediate effect. The Premier League announced Everton's alleged breaches back in March of this year.
The Toffees reported that they had lost £372 million throughout the three previous seasons, with the Premier League cap at £105 million. They have released their response in a statement outlining their decision to appeal the sanctions.
«Everton Football Club is both shocked and disappointed by the ruling of the Premier League’s Commission,» their statement read. «The Club believes that the Commission has imposed aRead on football.london