Everton FC receive 10-point penalty over breaching financial fair play rules
Investing.com — Everton Football Club have received a 10-point deduction after an independent commission appointed by the Premier League found that it had broken financial rules during the 2021/22 season.
Following the harshest penalty yet doled out to a side in England’s top-flight competition, Everton will be left in 19th place in the table and within relegation territory.
The Premier League dictates that clubs are only allowed to lose up to £105 million over three years, and those that breach this threshold have broken its so-called Profitability and Sustainability Rules (PSRs). In a statement, the commission said it found that Everton’s « PSR Calculation for the relevant period resulted in a loss of £124.5 million. »
« The Commission concluded that a sporting sanction in the form of a 10-point deduction should be imposed, » it noted.
Everton, who is expected to appeal the decision, denied any wrongdoing, adding it was « both shocked and disappointed » by the ruling.
« The Club believes that the Commission has imposed a wholly disproportionate and unjust sporting sanction, » it said.
