Everton's handed back points after 10 point deduction reduced
The club's been given back 4 points
Last updated 26th Feb 2024
Everton have had their penalty for breaching Premier League financial rules reduced to six points following an appeal.
The Toffees were hit with a 10-point deduction last November after an independent commission found they had exceeded permitted losses under the league's profitability and sustainability rules (PSR) by ÂŁ19.5million over an assessment period ending with the 2021-22 season.
An independent appeal board has now cut that by four points, which moves the club on to 25 points in the table and up to 15th place.
The club says it is "satisfied our appeal has resulted in a reduction in the points sanction".
In a statement, the club said it feels vindicated:
"We understand the Appeal Board considered the 10-point deduction originally imposed to be inappropriate when assessed against the available benchmarks of which the Club made the Commission aware, including the position under the relevant EFL regulations, and the 9-point deduction that is imposed under the Premier League’s own rules in the event of insolvency.
"The Club is also particularly pleased with the Appeal Board’s decision to overturn the original Commission’s finding that the Club failed to act in utmost good faith. That decision, along with reducing the points deduction, was an incredibly important point of principle for the Club on appeal. The Club, therefore, feels vindicated in pursuing its appeal.
"Notwithstanding the Appeal Board’s decision, and the positive outcome, the Club remains fully committed to cooperating with the Premier League in respect of the ongoing proceedings brought for the accounting period ending in June 2023.
"The Club is still considering the wider implications of the decision and will make no further comment at this time other than to place on record its thanks to our Fan Advisory Board and other fan groups throughout this process, and to all Evertonians for their ongoing support and patience."
The club still face a second PSR complaint:
It's for breaching rules over the assessment period running to the end of last season. The complaint was laid on January 15 and under standard directions for PSR cases agreed by top-flight clubs last summer, the commission hearing in that case must conclude no later than 12 weeks after that complaint, which would be April 8.