Everton Football Club has been slapped with a 10-point deduction by the Premier League for violating the league’s profit and sustainability rules. The news deals a severe blow to manager Sean Dyche and leaves the Toffees joint-bottom of the table with a mere four points, narrowly ahead of Burnley based on goal difference.
The Premier League issued a stern statement, declaring that an independent commission had acted swiftly in response to Everton’s breach of profitability and sustainability rules (PSRs). The league had lodged a complaint against the club, prompting the case to be referred to an independent commission earlier this year.
During the proceedings, Everton admitted to the breach of PSRs for the period ending the 2021-22 season. However, the extent of the breach remained a point of contention. The five-day hearing last month shed light on the club’s PSR calculation, revealing a staggering loss of £124.5 million. This exceeded the permitted threshold of £105 million under the PSRs.
The independent commission concluded that a severe sporting sanction was warranted, resulting in an immediate 10-point deduction for Everton. This decision places the club in a precarious position in the Premier League standings.
As this story unfolds, stay tuned for further updates on this breaking news. Refresh the page for the latest developments in this significant setback for Everton Football Club.
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