In light of their appeal hearing, Everton’s 10-point deduction for violating the Profitability and Sustainability Rules (PSR) of the Premier League has been lowered to six. On November 17, an independent commission found that Everton had overrun permitted losses by £19.5 million during an assessment period that concluded with the 2021–22 season. As a result, Everton were sanctioned.
The hearing took place over three days, concluding at the beginning of February, after the club filed an appeal against the ruling. With 25 points now, Everton is five points above the bottom three and in 15th place.
An Everton statement read: “While the club is still digesting the appeal board’s decision, we are satisfied our appeal has resulted in a reduction in the points sanction.
“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 nine-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,” Everton said.
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