Following a successful appeal, Everton has seen its 10-point deduction in the Premier League reduced to six points. The initial penalty was imposed in November for breaching the league’s Profit & Sustainability (PSR) rules.
As a result of the appeal, Everton has now moved back up to the 15th position in the Premier League table, surpassing Brentford and Nottingham Forest after reclaiming four points.
In an official statement, Everton expressed satisfaction with the Appeal Board’s decision, stating, “While the Club is still digesting the Appeal Board’s decision, we are satisfied our appeal has resulted in a reduction in the points sanction.”
Get Instantly Update By: Joining Our Whatapps and Telegram Channel
The statement continued, “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.”
The Club also highlighted the significance of the Appeal Board overturning the original finding that the Club failed to act in utmost good faith, stating it was an essential point of principle.
Despite the positive outcome, Everton affirmed its commitment to cooperating with the Premier League regarding ongoing proceedings related to the accounting period ending in June 2023. The club acknowledged that it is still evaluating the broader implications of the decision.
Everton had been deemed to have exceeded the standard £105 million losses over a three-year period, violating PSR rules. The club also faces another charge for PSR breaches from the 2022/23 period, a situation shared with Nottingham Forest.
The Premier League has released a 61-page report explaining the details of the appeal outcome.