Everton Battle Relegation As Premier League Deducts 10 Points
Everton football club have dropped into the relegation receiving an immediate 10-point deduction for being found to have breached the Premier League’s profit and sustainability rules.
The punishment which is the biggest sporting sanction in the competition’s history, leaves Everton 19th in the table with a total of four points.
Everton in a statement said it was “both shocked and disappointed” by the “wholly disproportionate and unjust” ruling.
The club also noted that it intends to appeal against the decision.
The Premier League referred Everton to an independent commission in March but did not reveal the specifics of the club’s alleged breach.
Everton posted financial losses for the fifth successive year in March after reporting a £44.7m deficit in 2021-22.
Premier League clubs are permitted to lose £105m over three years and Everton admitted to being in breach of the profit and sustainability rules (PSR) for the period ending 2021-22.
Following a five-day hearing in October, the commission found in favour of the Premier League that Everton’s losses during that period amounted to £124.5m.
Everton in the statement further said: “The club does not recognise the finding that it failed to act with the utmost good faith and it does not understand this to have been an allegation made by the Premier League during the course of proceedings.
“Both the harshness and severity of the sanction imposed by the commission are neither a fair nor a reasonable reflection of the evidence submitted.
“The club will also monitor with great interest the decisions made in any other cases concerning the Premier League’s profit and sustainability rules.”
Kazeem Badmus is a graduate of Mass Communication with years of experience. A professional in journalism and media writing, Kazeem prioritses accuracy and factual reportage of issues. He is also a dexterous finder of the truth with conscious delivery of unbiased and development oriented stories.
