There were initial speculations that the Premier League demands 12-point deduction for Everton, with the club and fans perplexed as to why. It was later revealed that the club had violated certain Financial Fair Play rules, now facing harsh and severe consequences.
The Premier League’s Financial Fair Play rules involve a threshold for allowable losses. Everton Football Club encountered difficulties in adhering to the Premier League’s Financial Fair Play rules, failing to meet the allowable losses threshold when it stood at £105 million.
Why did PL commission dock 10 points off Everton?
Everton has received a significant blow as the club has been deducted 10 points, marking the most severe penalty ever imposed on a Premier League team, for violating financial fair play regulations. This decision places Everton second from the bottom in the league standings, just two points above the relegation zone. The club expressed its dismay at the ruling, describing it as shocking and disappointing.
Everton has announced its intention to appeal the decision, with the appeal process expected to be completed before the conclusion of the season. The club faced scrutiny after an audit of Premier League clubs’ financial records for the 2021-22 season. Burnley and Leeds had raised concerns about Everton’s adherence to financial fair play rules, given their reported losses of £371.8 million over the preceding three years.
The Premier League’s profitability and sustainability rules limit clubs to a maximum loss of £105 million over three years. Breaking these rules can result in fines or points deductions. Everton’s reported losses of £371.8 million over the last three years significantly exceeded this limit, leading to the independent commission’s decision to deduct 10 points from their acquired points.
Premier league statement regarding the penalty reads: “Following a five-day hearing last month, the commission determined that Everton FC’s PSR calculation for the relevant period resulted in a loss of £124.5m, as contended by the Premier League, which exceeded the threshold of £105m permitted under the PSRs. The commission concluded that a sporting sanction in the form of a 10-point deduction should be imposed. That sanction has immediate effect.”
Everton respond to hefty punishment
Despite Everton’s denial of any wrongdoing, the independent commission has now handed them the heaviest Premier League points deduction ever – 10 points – for breaching financial fair play rules. Shocked by this decision, Everton has decided to appeal.
The appeal process is expected to be concluded before the end of the season. In a more detailed response, Everton Football Club revealed that “The club believes that the commission has imposed a wholly disproportionate and unjust sporting sanction.”
“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. The club does not recognize 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.”
What are your thoughts on the severity of this sanction against Everton, leave a comment!
