April 8 – Everton have been deducted two points for a second breach of the English Premier League’s financial rules, plunging the club back towards the relegation zone with seven games remaining.
Everton had already received a six-point deduction – reduced from an initial 10 following an appeal – for overspending in a three-year spell up to the end of the 2021-22 season.
The latest punishment, handed out by a separate independent commission, came after Everton were found to have spent too much in the three seasons up to 2022-23.
The league’s profit and financial sustainability rules allow clubs to lose a maximum of £105 million over a three-year period or face sanctions. Everton overspent by £16.6 million.
Everton had, in effect, already been punished for the 2020-21 and 2021-22 seasons, partly explaining why the second points deduction was less.
The club did, though, say it was “extremely concerned by the inconsistency of different commissions in respect of points deductions applied” and have announced it will again appeal.
The deduction means Everton – who have played in England’s top division since 1954 – drop below Brentford into 16th place on 27 points, only two points above Luton in 18th in the 20-team league.
Announcing their appeal, Everton said: “While the club’s position has been that no further sanction was appropriate, the club is pleased to see that the commission has given credit to the majority of the issues raised by the club, including the concept of double punishment, the significant mitigating circumstances facing the club due to the war in Ukraine, and the high level of co-operation and early admission of the club’s breach.”
The Toffees added they were “extremely concerned” at the “inconsistency” of the punishments, with four different commissions issuing four different points deductions this season.
The reference to the war is linked to Everton majority owner Farhad Moshiri, a British-Iranian…
Source link : https://www.insideworldfootball.com/2024/04/08/everton-hit-two-point-deduction-second-breach-financial-rules/
Author : Paul Nicholson
Publish date : 2024-04-08 14:53:00
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