Everton deducted 10 points for breaching financial rules

Everton deducted 10 points for breaching financial rules0

There was a problem with Everton’s finances, so the Premier League took away 10 points from them for the season finishing in 2021–22. The league announced this on Friday.

Due to an instant penalty from a separate commission, Everton will drop from 14th place in the results to the relegation zone, one goal ahead of Burnley in the bottom spot.

The Premier League said it had filed a complaint against the club on Merseyside and earlier this year sent the case to an independent committee.

“During the proceedings, the club admitted it was in breach of the PSRs for the period ending season 2021/22 but the extent of the breach remained in dispute,” the league stated in a release.

“The Commission determined that Everton FC’s PSR Calculation for the relevant period resulted in a loss of 124.5 million pounds ($154.70 million), as contended by the Premier League, which exceeded the threshold of 105 million pounds permitted under the PSRs.”

Everton said the punishment was “wholly disproportionate and unjust,” and they said they would be appealing to the Premier League.

“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,” it stated.

“The club doesn’t agree with the decision that it didn’t act in the utmost good faith, and it doesn’t think that the Premier League made that claim during the 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.”

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