Everton will only be deducted a total of six points after a successful appeal.
“Everton can confirm that the Appeal Committee has concluded that the points deduction imposed by the independent Premier League Committee in November will be reduced from 10 to six points with immediate effect,” the club confirmed on its website on Saturday.
Everton were handed a 10-point deduction on Nov. 17 for breaching the Premier League’s profitability and sustainability regulations this season. Everton were referred to an independent committee in March for breaches relating to the 2021/22 season, and a hearing was held in October.
Everton could have been fined or banned from transferring, but the Premier League’s decision to uphold the punishment of a point deduction saw Everton drop to 19th place in the table.
The Premier League said: “An independent committee has imposed an immediate 10-point deduction on Everton FC for breaching the Premier League’s Profitability and Sustainability Regulations (PSR). The Premier League made a complaint against the club and referred the case to an independent committee earlier this year. During the proceedings, the club admitted to breaching the PSRs during the end of the 2021/22 season, but the extent of the breach remains in dispute.”
They continued: “Following a five-day hearing last month, the Commission found that, as alleged by the Premier League, Everton FC’s PSR calculation for the period in question resulted in a loss of £124.5 million, which exceeded the permissible threshold of £150 million under the PSR. The Commission concluded that a sporting sanction in the form of a 10-point deduction should be imposed. This sanction is effective immediately,” the statement said.
All Premier League clubs are assessed annually for compliance with the competition’s profitability and sustainability regulations. Compliance is assessed by reference to a club’s PSR calculation, which is the sum of its pre-tax adjusted revenue over the relevant assessment period.
The regulations allow clubs to lose up to £150 million over a three-year period, but Everton lost £370 million between 2018 and 2021. Everton said in a statement in March that it was “fully confident” it was complying with all financial rules and regulations.
Only three clubs in the history of the Premier League have been stripped of points. Middlesbrough were docked three points for failing to play Blackburn in the 1996/97 season, while Portsmouth were docked nine points after going into administration in March 2010. Tottenham were docked 12 points for financial irregularities committed a few seasons before the 1994/95 season, although this was initially reduced to six points and then eventually overturned.
Everton could have had their points deduction reduced if they were successful in their appeal. “Everton could reduce the points deduction after appealing, according to financial expert Kieran Maguire, who provided interesting insights into the case,” Sports Bible reported on Nov. 28 (KST).
Eventually, on December 1, Everton announced on the club’s website that “Everton Football Club today lodged an appeal with the Chairman of the Premier League Judicial Panel against the Premier League Committee’s decision to impose a 10-point 카지노사이트 deduction on the club. An Appeal Panel will now be appointed to hear the case.”
The appeal hearing began in late January and lasted a month, with the decision announced this Monday.
Everton have now issued a club statement following their successful appeal, saying: “The club is still processing the Appeal Committee’s decision, but is satisfied that the appeal has resulted in a reduction in sanction points.”
They continued: “The club is also particularly pleased with the Appeal Committee’s decision to overturn the original committee’s finding that the club failed to act in its best interests. That decision, together with the reduction in point deductions, was a very important point in the Club’s principles on appeal. The Club therefore feels vindicated in pursuing its appeal.”
“Notwithstanding the decision of the Appeal Committee and the positive outcome, the club remains committed to working with the Premier League in relation to the ongoing process for the accounting period ending June 2023,” they concluded.
The appeal has now been partially successful, returning four points out of a possible 10 to Everton. The point deduction means that Everton can now move up to 15th place in the Premier League with 25 points.