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 for the period ending season 2022/23.
Everton have been given an additional two-point deduction for a breach of the Premier League’s profitability and sustainability rules (PSRs) for the 2022/23 season, it was announced on Monday.
The decision followed a previous six-point PSR penalty imposed on Everton that left the Merseyside club just two points above the relegation zone with seven games left to play this season.
“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,” read a Premier League statement issued on Monday.
Club Statement. pic.twitter.com/MQuaKADY54
— Everton (@Everton) April 8, 2024
“Over a three-day hearing last month, an 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 (about R391m), including the impact of its two successive PSR charges,” the Premier League said.
“Having done so, the commission determined the appropriate sanction to be a two-point deduction, taking effect immediately.”
The Premier League added that the independent commission “reaffirmed the principle that any breach of the PSRs is significant and justifies, indeed requires, a sporting sanction”.
Everton revealed an £89.1m 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 showed a £44.7m deficit. The Goodison Park club, now 16th in the table, have blamed the indefinite suspension of sponsorship deals with key commercial partners as mitigation for the increased loss.
The original six-point penalty imposed on Everton earlier this season related to PSR breaches in the 2021/22 campaign. Under PSR regulations, clubs can lose a maximum of £105m over a three-season period, or £35m per term, before facing sanctions.
Under-fire majority shareholder Farhad Moshiri said last month that he remained confident the protracted takeover of the club by 777 Partners would be completed soon, with Everton aiming to move to a new stadium at Bramley-Moore Dock for the start of the 2025/26 season.
Everton, who have spent the past 70 years in the top flight of English football, said they would appeal against the latest penalty.
“While the club’s position has been that no further sanction was appropriate, the club is pleased to see that the commission has given credit to the majority of the issues raised by the club, including the concept of double punishment, the significant mitigating circumstances facing the club due to the war in Ukraine, and the high level of co-operation and early admission of the club’s breach.
“Everton remains committed to working collaboratively with the league on all matters relating to PSR but is extremely concerned by the inconsistency of different commissions in respect of points deductions applied.”
The statement added: “The club and its legal representatives have begun the preparations to appeal the commission’s decision.”
Everton next play Chelsea at Stamford Bridge on Monday before facing fellow strugglers Nottingham Forest, who have been hit with a four-point PSR penalty of their own, at home on April 21.
AFP
Ahead of our closest home fixture to the 35th anniversary of the Hillsborough tragedy, we paid our respects to the 97 Liverpool supporters who lost their lives. 💙❤️
— Everton (@Everton) April 8, 2024
