Everton has been hit with a substantial 10-point penalty following an independent commission hearing on allegations of breaching Premier League profit and sustainability rules.
The immediate impact of this penalty places Everton in the relegation zone. In response, the club issued a statement expressing both shock and disappointment, characterizing the imposed sporting sanction as wholly disproportionate and unjust. Everton plans to appeal the decision, maintaining its position of openness and transparency throughout the process.
The club contests the severity of the sanction, emphasizing that it is neither fair nor reasonable in light of the evidence presented. Everton pledges to monitor other cases related to the Premier League’s Profit and Sustainability Rules while refraining from further comment until the appeal process concludes.
The verdict, arising from Everton’s staggering financial losses of nearly £372 million over a three-year period, significantly surpassing Premier League guidelines, deals a significant blow to the club.
This development drops Everton from 14th to second-bottom in the league standings. Burnley and Leeds, clubs narrowly avoiding relegation in recent seasons, advocated for a robust penalty, contributing to the imposed 10-point deduction. The timing of this penalty’s occurrence was at the discretion of the committee.
Everton’s American investment company, currently awaiting Premier League approval for ownership, might encounter a reduced acquisition cost due to the points penalty. Despite recent positive results on the pitch, including victories over West Ham and Crystal Palace, Everton faces a challenging period with upcoming fixtures against Manchester United, Newcastle, and Chelsea against the backdrop of off-field turmoil.
