An independent tribunal has docked 10 points from Everton for violating the Premier League’s Profitability and Sustainability Rules.
Everton plummet from 14th to equal bottom, marginally ahead of bottom team Burnley on goal difference.
The Toffees have already stated their intention to appeal the judgment.
According to a statement on the Premier League website:
Following a five-day hearing last month, the Commission determined that Everton FC’s PSR Calculation for the relevant period resulted in a loss of £124.5million, as contended by the Premier League, which exceeded the threshold of £105million permitted under the PSRs. The Commission concluded that a sporting sanction in the form of a 10-point deduction should be imposed. That sanction has immediate effect.
Everton responded with a strongly-worded statement of their own, which read:
Everton Football Club is both shocked and disappointed by the ruling of the Premier League’s Commission.
The club believes that the Commission has imposed a wholly disproportionate and unjust sporting sanction. The club has already communicated its intention to appeal the decision to the Premier League. 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 monitor with great interest the decisions made in any other cases concerning the Premier League’s Profit and Sustainability Rules.
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