Everton were deducted a further two points for breaching profitability and sustainability rules, dropping them one place to 16th. In November, he received a 10-point penalty for violating the PSR, but after appealing the score was reduced to 6 points. Watch Everton's next 5 games live on Sky Sports
14:35, UK, Monday 8 April 2024
Everton have been penalized with two points for another breach of the Premier League's Profitability and Sustainability Regulations (PSR).
Before the point deductions were announced, Everton were in 15th place in the Premier League table, four points above the bottom three. They currently sit in 16th place with 27 points, below Brentford, and two points behind and two places above Luton in 18th place.
Written reasons published by the independent committee handling the case say Everton breached spending by £16.6m, allowing for losses of £105m over three seasons. The Premier League and the committee had originally wanted to give the club a five-point penalty, but mitigating factors reduced the score to two.
Everton, who argued for the one-point deduction to be postponed until next season, said they and their legal team had “begun preparations to appeal the committee's decision”. If they accept the appeal, they will have to make a decision by May 25, the week after the Premier League season ends.
Everton were also given a 10-point deduction in November for exceeding their allowable losses by £19.5 million over the period leading up to the 2021-22 season. However, following a successful appeal, this was reduced to 6 points.
Everton were once again charged in January, along with Nottingham Forest, for breaching PSR regulations for the period up to the 2022/23 season. Forest were given a four point deduction and appealed the decision.
In their written reasons for this latest lawsuit, Everton allege multiple mitigating factors, including the fact that they have already been penalized for several seasons, which overlap with the new breach, and Russia's invasion of Ukraine. These include the loss of sponsorship from the USM service and the fact that the company admitted to violating the law. at the first opportunity.
The committee felt this offense was “generally consistent” with the four point deduction given to Nottingham Forest. It added: “At the final stage of the assessment, the Premier League submitted that a sanction of less than three points would undermine the integrity of the Premier League and the objectives of the PSR.”
'Everton are now clear'
Sky Sports News' Anton Troi at Goodison Park:
“The deductions are based on so-called 'serious breaches' of the rules. They were allowed to lose up to £105m. They had already received a 10-point deduction for breaching these rules in the previous financial year. However, points were deducted for up to 6 people due to appeal.
“They announced last year's financial results last week and their losses were £89.1m. Everton have lost significant revenue over this period, including from the USM sponsorship deal through Alisher Usmanov.”
“The Premier League said they had taken into account double jeopardy, but Everton felt they had breached the rules and a sanction was necessary.
“There is so much ambiguity about what happened with Everton and Nottingham Forest that they are trying to set the standard for other clubs to follow these rules.
“The Premier League season ends on May 19th, but they have set aside May 25th to hear and deal with all these appeals. We would like to know, but we cannot guarantee that at this time.”
“At least Everton know the worst-case scenario. They currently sit two points above the relegation zone and have some big games coming up. monday night football Chelsea game (next week). They will then play three games at Goodison Park in just six days.
“They play Nottingham Forest in the points deduction derby, then Liverpool in the Merseyside derby and then Brentford, who are currently two points below them in the table.
“Remember, they still have to play Luton and Sheffield United. Sean Dyche said he just wanted clarity and they have it now. ”
Everton's full response to points deduction
“Whilst it is the club's position that further sanctions were not appropriate, the committee has resolved most of the issues raised by the club, including the concept of double penalty and the significant mitigating circumstances facing the club. The club is pleased to have acknowledged the “war in Ukraine,'' and the high level of cooperation and early recognition of the club's violations.
“Everton remains committed to working with the league on all issues regarding PSR, but we are very concerned about the inconsistency between the various committees regarding the deductions applied.
“The club would like to put on record its thanks to the Fan Advisory Panel and other fan groups for their submissions during this process, and to all Evertonians for their continued patience and generous support. .
“The club and its legal representatives have begun preparations to appeal the committee's decision.”
PSR explained: “What limits clubs' spending?”
Sky Sports' Sam Blitz explains what the Premier League's profitability and sustainability rules are and how they affect clubs' ability to spend.
In the simplest terms, if you add up the annual income and expenses of each Premier League team, their losses over the past three seasons have not exceeded £105m.
Club can only lose £15m own money Throughout those three years. This means that compared to the income from things like TV payments, season tickets and player sales, there is an extra £15 million in expenses such as transfer fees, player wages and, for many clubs, repaying former managers. Do not mean.
The remaining £90m of the £105m must be guaranteed by the owners buying out their shares in what is known as 'secure funding', essentially meaning they are funding the club. do.
Everton match run-in
Monday, April 15th: chelsea (a) – 8pm kickoff, live broadcast Monday Night Football on Sky Sports
Sunday, April 21st: nottingham forest (h) – Kickoff 1:30pm, live broadcast sky sports
Wednesday, April 24th: liverpool (h) – 8pm kickoff, live broadcast sky sports
Saturday, April 27th: brentford (h) – Kickoff 5:30pm, live broadcast sky sports
Friday, May 3rd: luton (a) – 8pm kickoff, live broadcast sky sports
Saturday, May 11th: sheffield united (h) – 3pm kickoff
Sunday May 19th: arsenal (a) – 4pm kickoff
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