It’s their second points deduction this season
Everton have been handed a second points deduction by the Premier League for breaching profit and sustainability rules.
The Athletic reports that an independent commission have docked the Toffees another two points for breaches relating to the three-year accounting period ending in the 2022-23 season.
The second penalty drops the club to 16th in the Premier League, just two points above the relegation zone.
According to Sky News, Everton breached their allowed spending of a £105m loss over three seasons by £16.6m.
Everton say that their legal team have “begun the preparations to appeal the Commission’s decision”.
Everton were deducted 10 points in November for exceeding permitted losses by £19.5m over a period ending in the 2022 season.
This was later reduced to a six point deduction.
Everton have since released a statement about the decision, reading: “In January 2024, Everton were charged by the Premier League for breaching the permitted Profit 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.
“No further comment will be made at this time.”
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