Fallen PL giants cop ANOTHER points deduction as unthinkable $191m fate inches closer

Everton have been given an additional two-point deduction for a breach of the Premier League’s profitability and sustainability rules (PSR), it was announced Monday (AEST)

The decision followed a previous six-point PSR penalty imposed on Everton and left the Merseyside club just two points above the relegation zone with seven games left to play this season.

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Teams who are relegated from the Premier League could lose as much as $AUD191 million due to major drops in revenue, per football financial expert Kieran Maguire.

“An independent commission has given an immediate two-point deduction to Everton FC for a breach of the Premier League’s profitability and sustainability rules (PSRs) for the period ending season 2022/23,” said a Premier League statement issued Monday.

“Over a three-day hearing last month, the independent commission heard evidence and arguments from the club in respect of a range of potential mitigating factors for its admitted breach of £16.6 million ($AUD31.8 million), including the impact of its two successive PSR charges.

“Having done so, the commission determined the appropriate sanction to be a two-point deduction, taking effect immediately.”

The Premier League added the independent commission “reaffirmed the principle that any breach of the PSRs is significant and justifies, indeed requires, a sporting sanction.”

Everton revealed an £89.1 million ($AUD170.76 million) loss for the 2022/23 season in their financial accounts published last month.

The Toffees’ losses were a significant increase from the 2021/22 season, when their accounts