Everton, Luton’s Premier League rival, was found guilty of violating the league’s profit and sustainability regulations. As a result, Everton received an automatic 10-point deduction.
With the heaviest punishment in the competition’s history, the Toffees will now sit 19th in the table after dropping from 14 points to 4 from their 12 games played thus far. Meanwhile, the Hatters will move up out of the bottom three to take 17th position.
Giving their reasons by handing out such a penalty, a statement from the Premier League said: “An independent commission has imposed an immediate deduction of 10 points on Everton FC for a breach of the Premier League’s profitability and sustainability rules (PSRs).
Earlier this year, the Premier League filed a complaint against the team and forwarded the matter to an impartial panel.
“The club acknowledged during the proceedings that it had violated the PSRs for the season ending in 2021–2022, although there was disagreement over how much.
“The Premier League argued that Everton FC’s PSR calculation for the relevant time resulted in a loss of £124.5 million, which surpassed the level of £105 million permitted under the PSRs. The commission found this after a five-day hearing last month.
“The commission determined that a 10-point deduction should be applied as a sporting sanction. That penalty is effective right now.
Everton Football Club, however, plans to file an appeal. The Toffees released a statement stating, “Everton Football Club is both shocked and disappointed by the ruling of the Premier League’s Commission.”
“The Club feels that a completely unfair and disproportionate sports consequence has been applied by the Commission.
“The Club has already declared that it will challenge the ruling to the
“The appeal process will now commence and the Club’s case will be heard by an Appeal Board appointed pursuant to the Premier League’s rules in due course.
“Everton maintains that it has been open and transparent in the information it has provided to the Premier League and that it has always respected the integrity of the process.
“The Club does not recognise the finding that it failed to act with the utmost good faith and it does not understand this to have been an allegation made by the Premier League during the course of proceedings.
“Both the harshness and severity of the sanction imposed by the Commission are neither a fair nor a reasonable reflection of the evidence submitted.
“The Club will also be closely watching any further rulings pertaining to the Premier League’s Profit and Sustainability Rules.
“Everton will not be able to comment on this issue until the appeal process is over.”
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