Everton have been deducted two points for breaching the Premier League's Profit and Sustainability Rules (PSR).
The Toffees were deducted 6 points for previous financial breaches and 10 points on appeal. They have now received another penalty after an independent commission recommended penalties for their spending during the three-year accounting period ending in the 2022/23 season.
The new points drop Everton to 16th place in the Premier League table after Brentford, who are now just two points off the relegation zone. Everton confirmed in a club statement on Monday that they plan to appeal the penalty. "In January 2024, Everton was charged by the Premier League with breaching permissible profit and sustainability thresholds for the assessment period up to 2022/23," the statement read. ”。
"The matter has been referred to the Premier League Commission, which announced today that Everton will be deducted two points immediately. While the club's position is that it is not suitable for further sanctions, the club is pleased to see that the committee has commended most of the issues raised by the club, including the concept of double punishment, the significant mitigating circumstances that the club is facing as a result of the war in Ukraine, and the high level of cooperation and early recognition of the club's infractions.
"Everton remains committed to working with the Affiliate on all matters relating to PSR, but are extremely concerned about the inconsistency in the deduction of points across commissions. "The club would like to place on record its gratitude to the Fans' Advisory Committee and other supporters' groups for their input during this process, as well as to all Evertonians for their continued patience and generous support.
"The club and its legal representatives have begun preparations to appeal the Commission's decision. No further comments will be made at this time. Meanwhile, a statement from the Premier League read: "An independent commission has deducted two points immediately from Everton FC for breaches of the Premier League's Profitability and Sustainability Rules (PSR) at the end of the 2022/23 season."
"At a three-day hearing last month, the Independent Commission heard evidence and arguments from the club on a range of potential mitigating factors for the £16.6 million breach it admitted, including the impact of its two successive PSR charges. Upon doing so, the Committee determines that the appropriate sanction is a two-point deduction with immediate effect.
"The Independent Commission reaffirmed the principle that any violation of the PSR is significant, justified and even requires sports sanctions. Click here to read the Independent Commission's full written rationale. "The Commission is independent of the Premier League and member clubs. The members of the Commission are appointed by the independent chair of the Premier League Judicial Panel. ”