Everton Hit with Unprecedented 10-Point Deduction: A Blow to Club and Fans
Everton has been slapped with an immediate 10-point deduction in a stunning turn of events, marking the most substantial sporting sanction in Premier League history. The unprecedented punishment follows the club's breach of the league's profit and sustainability rules, pushing Everton to 19th place on the table with a new total of four points.
The Merseyside club expressed shock and disappointment at what they deemed a «wholly disproportionate and unjust» ruling. In response, Everton has vowed to appeal the decision, disputing the severity of the sanction imposed by the independent commission.
Financial Struggles
The Premier League had referred Everton to the commission in March, citing a breach of profit and sustainability rules but withholding specific details. Everton's financial struggles came to light in March when they reported a £44.7 million deficit for the 2021-22 season, marking their fifth consecutive year of financial losses.
Premier League regulations permit clubs to incur losses of up to £105 million over a three-year period. Everton admitted to breaching these rules for the period ending in 2021-22. However, after a five-day hearing in October, the commission sided with the Premier League, determining that Everton's losses amounted to £124.5 million during that period.
“The Club Failed to Act in Good Faith”
In a detailed statement, Everton disagreed with the commission's findings, particularly contesting the assertion that the club failed to act in good faith. The club also questioned the fairness and reasonableness of the imposed sanction, stating that it does not align with the evidence submitted.
The points deduction poses significant challenges for Everton. The club, which is already undergoing a
