Berliner Boersenzeitung - Everton deducted 10 points after breaching Premier League financial rules

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Everton deducted 10 points after breaching Premier League financial rules
Everton deducted 10 points after breaching Premier League financial rules / Photo: PETER POWELL - AFP/File

Everton deducted 10 points after breaching Premier League financial rules

Everton have been docked 10 points after breaching Premier League financial rules, the English top flight announced on Friday.

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The league referred Everton to an independent commission in March for an alleged breach of its profitability and sustainability rules (PSRs).

Clubs are allowed to lose a maximum £105 million ($130 million) over a three-year period or face sanctions.

The punishment, the biggest sporting sanction in the competition's history, leaves Everton 19th in the table.

The Premier League said in a statement: "The club admitted it was in breach of the PSRs for the period ending season 2021/22 but the extent of the breach remained in dispute.

"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 £124.5 million, as contended by the Premier League, which exceeded the threshold of £105 million 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 issued a statement saying they were "shocked and disappointed by the ruling", announcing their intention to appeal.

(H.Schneide--BBZ)