Everton handed another 2-point deduction for breaching Premier League FFP rules

Published at :April 8, 2024 at 10:46 PM

Modified at :April 8, 2024 at 10:46 PM

Everton receive a huge blow in relegation battle

Everton have lost two points for violating the Premier League’s profitability and sustainability standards (PSR) through 2023, bringing them one step closer to experiencing their first relegation in 73 years. With seven games left, Sean Dyche’s financially struggling squad is just two points outside the relegation zone due to their second PSR-related points punishment of the season.

Following Everton’s admission of violating PSR by £16.6 million for the three years ending in June 2023, an impartial commission issued the penalty with immediate effect.

Due to a £19.5 million overspending in the four years leading up to 2022—two of those years’ values were taken on aggregate because of the Covid pandemic—the club was fined a record 10 points in November; however, it was lowered to six points on appeal.

Everton stated they were in double trouble with the second accusation because two of the three years implicated were a part of their first violation. Everton plans to appeal against the second sanction. The Premier League, in contrast to the English Football League, lacks policies regarding financial periods that have already been punished.

The club also feels that the £105 million threshold for losses over a three-year period is no longer appropriate, having not kept pace with the ten-year inflation in football pay and transfer prices. In August, the Premier League intends to modify the regulations. That might arrive too late to keep Everton in the prestigious top division.

Everton said in a statement: “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 Premier League said: “The independent commission reaffirmed the principle that any breach of the PSRs is significant and justifies, indeed requires, a sporting sanction.”

If Everton is relegated, they will be more likely to go into administration. A loss of £89.1 million was reported in the most recent set of accounts for the year that ended on June 30, 2023, along with yet another issue over the club’s capacity to operate as a going concern.

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Everton handed another 2-point deduction for breaching Premier League FFP rules

Everton receive a huge blow in relegation battle

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