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8th April 2024
02:07pm BST
Everton have been handed a second points deduction by the Premier League for breaching profit and sustainability rules.
The Athletic reports that an independent commission have been docked the Toffees another two points for breaches relating to the three-year accounting period ending in the 2022-23 season.
The second penalty drops the club to 16th in the Premier League, just two points above the relegation zone.
Everton were given a 10 point penalty back in November for a PSR breach relating to the period ending in the 2021-22 season. This was reduced to six in February following an appeal by the club.
The Goodison Park outfit confirmed in a statement that they would be appealing the second deduction. They said: “In January 2024, Everton were charged by the Premier League for breaching the permitted Profit and Sustainability thresholds for the assessment period ending 2022/23.
“The matter was referred to a Premier League Commission, which has today announced Everton will receive an immediate two-point deduction. 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 club would like to place on record its thanks to the Fan Advisory Board and other fan groups for their submissions during this process, and to all Evertonians for their ongoing patience and unstinting support. The club and its legal representatives have begun the preparations to appeal the Commission’s decision.”
On March 31, the club reported losses of £89.1m for the 2022-23 season, almost double the amount of the previous year. This was sixth consecutive season Everton reported a loss, with their debt now standing at £330.6m. However, the club argue that this is largely down to the amount they are investing in their new Bramley-Moore Dock stadium.
The news comes as a big blow to Everton after their weekend Premier League win over Burnley, at Goodison Park:
More to follow...
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