Everton To Appeal Two-Point Deduction For Premier League's Financial Breaches

Earlier on Monday, the Toffees were dragged into the relegation battle after learning of their punishment for charges made against them in January.

They are now 16th on the Premier League table, two points above the relegation zone.

It is the second time Everton have been deducted points for financial rule breaches this season.

They were hit with a ten-point penalty in November although upon appeal, the punishment was reduced to six points in February.

Under Premier League regulations, clubs can lose a maximum of £105m over a three-season period, or £35m per campaign, before facing sanctions.

Everton are believed to have exceeded that limit by £16.6m.

A club statement read: “In January 2024, Everton were charged by the Premier League for breaching the permitted profitability and sustainability thresholds for the assessment period ending 2022/23.

“The matter was referred to a Premier League commission, which has today announced Everton will receive an immediate two-point deduction. While the club’s position has been that no further sanction was appropriate, the club is pleased to see that the commission has given credit to the majority of the issues raised by the club, including the concept of double punishment, the significant mitigating circumstances facing the club due to the war in Ukraine, and the high level of co-operation and early admission of the club’s breach.

“Everton remains committed to working collaboratively with the League on all matters relating to PSR but is extremely concerned by the inconsistency of different commissions in respect of points deductions applied.

“The club would like to place on record its thanks to the Fan Advisory Board and other fan groups for their submissions during this process, and to all Evertonians for their ongoing patience and unstinting support.

“The club and its legal representatives have begun the preparations to appeal the commission’s decision.”