Everton has incurred a significant setback, as they face a 10-point deduction for violating the Premier League’s profit and sustainability regulations. This development deals a harsh blow to manager Sean Dyche, positioning the Toffees at the joint-bottom of the table with four points—edging ahead of Burnley solely based on goal difference.
According to a statement from the Premier League, an independent commission has swiftly imposed the 10-point penalty on Everton due to a breach of the league’s profitability and sustainability rules [PSRs]. The league had filed a complaint against the club, leading to the referral of the case to an independent commission earlier in the year.
Throughout the proceedings, Everton conceded their infringement of the PSRs for the period ending the 2021-22 season. However, the extent of the breach was a point of contention. After a thorough five-day hearing last month, the commission determined that Everton’s PSR calculation for the relevant period resulted in a loss of £124.5 million, surpassing the £105 million threshold permitted under the PSRs.
As a consequence, the commission concluded that a sporting sanction, in the form of a 10-point deduction, should be implemented with immediate effect. This decision not only places Everton in a precarious position in the league standings but also underscores the league’s commitment to enforcing financial regulations for the overall integrity of the competition.
— Everton (@Everton) November 17, 2023
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