After a successful appeal, Everton’s 10-point Premier League deduction was lowered to six points.
In November of last year, the Toffees were first punished for violating the Profit & Sustainability (PSR) regulations set forth by the Premier League.
Now that they have four points back, they have risen back up to 15th in the Premier League standings, ahead of Brentford and Nottingham Forest.
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Everton can clarify that an Appeal Board has determined that the points deduction imposed by an independent Premier League Commission in November should be lowered from 10 points to six points, effective immediately, according to a statement released by the club.
Although the Club is still processing the Appeal Board’s ruling, we are happy that our appeal led to a decrease in the penalty points.
When compared to the benchmarks that the Club informed the Commission about, such as the position under the applicable EFL regulations and the 9-point deduction that is imposed under the Premier League’s own rules in the event of insolvency, we understand that the Appeal Board determined that the 10-point deduction that was initially imposed was inappropriate.
The Club is also extremely happy that the Appeal Board reversed the initial Commission’s conclusion that the Club had not acted in good faith. That ruling was a crucial point of principle for the Club on appeal, along with the reduction of the points deduction.Thus, the Club believes that it was right to pursue its appeal.
“The Club is fully committed to collaborating with the Premier League in respect of the continuing actions brought for the accounting period ending in June 2023, notwithstanding the Appeal Board’s judgement and the favourable outcome.
“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.”
Everton was found to have violated PSR regulations by suffering losses beyond the typical £105 million over a three-year period. Nottingham Forest and the club are also facing additional charges for PSR violations from the 2022–2023 timeframe.
The Premier League has released a 61-page report outlining the appeal’s decision.
