Monday 26 February 2024 14:02, UK
Everton’s 10-point deduction has been reduced to six following an appeal, the Premier League has announced.
It comes after the club were found to have breached the league’s profitability and sustainability rules (PSR) last November.
An independent commission found they had exceeded permitted losses under the league’s PSR by £19.5m over an assessment period ending with the 2021-22 season.
Everton appealed the sanction on nine groundseach of which related to the sanction rather than the fact of the breach, which the club admitted.
Seven of those nine grounds related to how the original commission dealt with various mitigating and aggravating factors – but all of those were dismissed.
The remaining two were upheld as the board agreed the commission made legal errors.
This has changed the original points deduction of 10 to six.
Image:
An Everton fan holds up a sign in protest of the club’s point deduction. Pic: PA
It moves the club on to 25 points in the table and up to 15th place.
The club face a second PSR complaint for breaching rules over the assessment period running to the end of last season.
The complaint was laid on 15 January and is expected to conclude by 8 April.
In a lengthy statement issued immediately after the Premier League confirmed the revision, the club said it was “satisfied our appeal has resulted in a reduction in the points sanction”.
The statement added that the club is “particularly pleased with the appeal board’s decision to overturn the original commission’s finding that the club failed to act in utmost good faith.”
“That decision, along with reducing the points deduction, was an incredibly important point of principle for the club on appeal,” it continued. “The club, therefore, feels vindicated in pursuing its appeal.”
2024-02-26 14:00:42
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