EVERTON admitted they were “shocked and disappointed” after being docked 10 points for breaching profit and sustainability rules.
The penalty comes into effect immediately, meaning the Toffees have dropped five places and are now in the relegation zone – and only at the bottom thanks to goal difference.
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Everton were hit with a ten point deductionCredit: PA
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The Toffees have broken the rules by recording losses of £124.5m for the 2021/22 season. Credit: Getty
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Everton plunged into the relegation battle after the penalty
Everton’s sanction means they are the first Premier League team to be hit with a points deduction for breaching FFP rules.
The club were fined for breaching profit and sustainability rules after recording financial losses of £44.7m for the 2021-22 season – bringing their three-year total to £124.5m
That exceeds the Premier League’s threshold, which allows a maximum loss of £105m over three years, by £19.5m.
Everton have released a statement revealing their intention to appeal the decision, which they claim is “unfair”.
The statement reads: “Everton Football Club is both shocked and disappointed by the verdict of the Premier League Commission.
“The club believes that the commission imposed a completely disproportionate and unfair sporting penalty. The club has already communicated its intention to appeal the decision to the Premier League. The appeal process will now begin and the club’s case will be heard by an Appeal Panel appointed in accordance with Premier League rules in due course time.
“Everton maintains that it has been open and transparent in the information it has provided to the Premier League and that it has always respected the integrity of the process.
“The club does not accept the finding that it did not act in the utmost good faith and does not appreciate that this was the claim made by the Premier League during the proceedings. Both the severity and the severity of the penalty imposed by the Commission are neither a fair nor a reasonable reflection of the evidence provided.
Everton deducting points
EVERTON have become the first Premier League team to be stripped of points for breaching Financial Fair Play rules for profit and sustainability.
The Toffees’ ten-point hit comes after the independent Commission found that Everton had recorded losses of £124.5m under calculations of Premier League regulations over the three years to 2021-22. – which exceeds the permitted limit of £105m.
The Goodison Park club has recorded a financial deficit for five years in a row.
Manchester City are fighting 115 allegations of FFP breaches brought by the Premier League last season.
Only two clubs in the history of the Premier League have collected points.
Middlesbrough were stripped of three points in 1996-97. because he did not fulfill the schedule against Blackburn.
In March 2010, Portsmouth were deducted nine points for entering administration.
Both Middlesbrough and Portsmouth were relegated after penalty points.
The ten-point deduction drops Everton to 19th in the Premier League table, level on four points with bottom club Burnley.
“The club will also follow with great interest the decisions made in any other cases concerning the Premier League’s profit and sustainability rules.
“Everton cannot comment further on this matter until the appeal process has been completed.”
Sean Dyche has overseen four wins from 12 games this season, but his side are now 19th, sandwiched between bottom-placed Burnley and Sheffield United.
Everton’s childhood friend Jamie Carragher has slammed the Premier League’s decision, claiming the punishment was “excessive”.
He said: “To take 10 points away from Everton is excessive and it’s not right, given that they have been working with the Premier League on this for the last few years.
“Would it be better to avoid and try to delay like other clubs?
“No doubt the relegated clubs will put a lot of pressure on the PL to deal with Everton, but when you consider that 6 clubs tried to leave the PL and there were no sanctions, it doesn’t seem right.
“Until other clubs are fined, Everton will feel they are being used to show there is no need for an independent regulator, and they are right.”
Everton’s punishment has led some to wonder if other clubs could face similar punishment – Manchester City have been charged with 115 breaches over 14 seasons since 2009/10. until last season.
One former City financial adviser claimed the club could be relegated if the Premier League slapped them with similar sanctions.
Fans are convinced City could be relegated to the National League given the number of allegations they are facing.
Gary Lineker reacted by saying: “Since Everton have been deducted 10 points, it will be very interesting to see if other clubs are penalised.”
Leicester, Burnley and Leeds could reportedly sue Everton for £300m – with each club estimated to have lost £100m since being relegated to the Championship last season.
It is understood the three parties have contacted 777 Partners – the new owners of the Merseyside company – to express their intention to sue if found guilty.
Everton are at risk of losing seven stars due to their financial problems, including Dominic Calvert-Lewin, Jordan Pickford, Dwight McNeil, Andre Onana, James Tarkowski and Vitaly Mykolenko.
Despite their problems, the Premier League’s Supercomputer has tipped the Toffees to survive.
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