The Premier League has strict curbs on clubs regarding financial fair play regulations to help teams maintain sustainability. Everton became the first club to face severe repercussions for not complying with the financial rules, with a heavy 10-point deduction imposed on the club, pushing them into the relegation zone.
Alongside the Merseyside club, Nottingham Forest is also currently being investigated for violating Premier League FFP rules and is feared to face the same fate as their league rivals. However, Everton has now received significant relief from the independent committee upon their appeal against the decision.
Why Everton received a 10-point deduction from the league?
Last year in November, Everton faced the harshest sporting sanction in the league’s history for breaches of the Premier League’s profitability and sustainability rules on nine counts up to the 2021-22 season. The 10-point deduction resulted in them dropping down the league standings, near the relegation zone.
The Toffees reportedly suffered a substantial loss of £371.8 million over three years, violating the Premier League’s Profitability and Sustainability (PRS) rules, which limit clubs to a £105 million loss. This discrepancy was observed by the league during a financial audit of the club’s expenses and became the basis for the decision to penalize the club.
Following the initial judgment, the Merseyside club immediately challenged the decision by filing a re-appeal and denying any mismanagement of finances. The club’s statement read, “The club believes that the commission has imposed a wholly disproportionate and unjust sporting sanction.”
They added, “Everton maintains that it has been open and transparent in the information it has provided to the Premier League and that it has always respected the integrity of the process.”
Everton 10-point deduction reduced to 6-points after appeal
Everton has now received significant relief from the appeal board, as the initial 10-point deduction has been reduced to just six, acknowledging that the commission had made some errors in their initial sanction. Following the decision, they moved up to 15th place in the league table from 17th place.
The Premier League and Everton FC have both released statements following the latest judgment.
Everton FC also confirmed the outcome, stating, “Everton can confirm an Appeal Board has concluded that the points deduction imposed by an independent Premier League Commission in November be reduced from 10 points to six points, with immediate effect.”
“An independent appeal board has concluded that the sanction for Everton FC’s breach of the Premier League’s profitability and sustainability rules (PSRs), for the period ending Season 2021/22, will be an immediate six-point deduction,” stated Premier League.
What are your thoughts on the new point deduction for Everton? Share with us below.
