Everton have been docked 10 points after being found guilty of breaching Premier League financial rules, plunging one of England’s most storied football clubs into the relegation zone.
The punishment, the biggest sporting sanction in the history of the competition, leaves Sean Dyche’s side 19th in the table on a total of just four points after 12 matches — five points from safety.
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Everton said they were “shocked and disappointed by the ruling”, announcing their intention to appeal.
The Premier League referred the club, who have posted losses for five consecutive years, to an independent commission in March for an alleged breach of its profitability and sustainability rules (PSRs).
Clubs are allowed to lose a maximum £105 million ($130 million) over a three-year period or face sanctions.
“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,” the Premier League said in a statement on Friday.
“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 £124.5 million, as contended by the Premier League, which exceeded the threshold of £105 million 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.”
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