Once again, Everton faces a points deduction that puts more strain on the club’s chances of survival in the Premier League. Earlier in the campaign, the Toffees suffered a six-point drop after violating the league’s Profitability and Sustainability (PSR) rules. Now, the Premier League has deducted a further two points from Everton’s tally. With eight points subtracted from the club’s total this season, Everton is just two points above the relegation zone.
Premier League rules state that no club can amass financial losses of $134 million over three years. After the previous 10-point deduction for losses in the 2021/22 season fell to six points off the club’s total, Everton dealt with the looming challenge of this second Financial Fair Play charge. This charge relates to losses reported following the 2022/23 season. Financial records for the Merseyside club indicated losses of $112.5 million in that season alone. It was the sixth season in a row that Everton reported a financial loss as the club’s debt climbed to $418 million.
Everton used several arguments in its defense of the financial losses that may have played a role in the Premier League only brandishing a two-point deduction. For example, Everton cited double punishment and the effects of the war in Ukraine on its ownership. Yet, in January, the club voiced concerns with the format of the Premier League’s rules that have had a profound impact on Everton.
“The club must now defend another Premier League complaint which includes the very same financial periods for which it has already been sanctioned, before that appeal has even been heard,” Everton said in January. “The club takes the view that this results from a clear deficiency in the Premier League’s rules.”
Everton conceded that full co-operation with this second charge helped soften the blow.
Everton to appeal second points deduction
As part of its statement on April 8, Everton added that it is preparing the…
Source link : https://worldsoccertalk.com/news/everton-picks-up-a-second-points-deduction-for-ffp-violation
Author : Kyle Fansler
Publish date : 2024-04-08 14:36:47
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