EVERTON HAVE HAD their penalty for breaching Premier League financial rules reduced to six points following an appeal.
The Toffees were hit with a 10-point deduction last November after an independent commission found they had exceeded permitted losses under the league’s profitability and sustainability rules (PSR) by £19.5million over an assessment period ending with the 2021-22 season.
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An independent appeal board has now cut that by four points, which moves the club on to 25 points in the table and up to 15th place.
The club face a second PSR complaint for breaching rules over the assessment period running to the end of last season.
The complaint was laid on 15 January and under standard directions for PSR cases agreed by top-flight clubs last summer, the commission hearing in that case must conclude no later than 12 weeks after that complaint, which would be 8 April.
A statement from the club read: “We understand the Appeal Board considered the 10-point deduction originally imposed to be inappropriate when assessed against the available benchmarks of which the Club made the Commission aware, including the position under the relevant EFL regulations, and the 9-point deduction that is imposed under the Premier League’s own rules in the event of insolvency.
“Notwithstanding the Appeal Board’s decision, and the positive outcome, the Club remains fully committed to cooperating with the Premier League in respect of the ongoing proceedings brought for the accounting period ending in June 2023.
“The Club is still considering the wider implications of the decision and will make no further comment at this time other than to place on record its thanks to our Fan Advisory Board and other fan groups throughout this process, and to all Evertonians for their ongoing support and patience.”
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Everton’s 10-point deduction for breaching financial rules reduced to six
EVERTON HAVE HAD their penalty for breaching Premier League financial rules reduced to six points following an appeal.
The Toffees were hit with a 10-point deduction last November after an independent commission found they had exceeded permitted losses under the league’s profitability and sustainability rules (PSR) by £19.5million over an assessment period ending with the 2021-22 season.
An independent appeal board has now cut that by four points, which moves the club on to 25 points in the table and up to 15th place.
The club face a second PSR complaint for breaching rules over the assessment period running to the end of last season.
The complaint was laid on 15 January and under standard directions for PSR cases agreed by top-flight clubs last summer, the commission hearing in that case must conclude no later than 12 weeks after that complaint, which would be 8 April.
A statement from the club read: “We understand the Appeal Board considered the 10-point deduction originally imposed to be inappropriate when assessed against the available benchmarks of which the Club made the Commission aware, including the position under the relevant EFL regulations, and the 9-point deduction that is imposed under the Premier League’s own rules in the event of insolvency.
“Notwithstanding the Appeal Board’s decision, and the positive outcome, the Club remains fully committed to cooperating with the Premier League in respect of the ongoing proceedings brought for the accounting period ending in June 2023.
“The Club is still considering the wider implications of the decision and will make no further comment at this time other than to place on record its thanks to our Fan Advisory Board and other fan groups throughout this process, and to all Evertonians for their ongoing support and patience.”
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Premier League Reprieve Everton AFC