The Merseyside club were handed a 10-point deduction earlier this season for losses over a three-year period up to the 2021-22 season. It was later reduced to six points following an appeal but the club still faced further sanctions following a second PSR charge in January.
“An independent committee has immediately deducted Everton two points for breaching the Premier League’s Profitability and Sustainability Code (PSR) in the final stages of the 2022/23 season.
During a three-day hearing last month, the Independent Commission heard evidence and arguments from Everton’s side. In the end, the Committee decided that the most appropriate penalty was a deduction of 2 points. This penalty will take effect immediately. The independent committee reaffirms that any violation of the PSR is serious and will be subject to the strictest sanctions,” the Premier League organizers stated.
Thus, Everton has had a total of 8 points deducted this season. Consecutive punishments caused coach Sean Dyche and his team to drop from 15th to 16th place in the Premier League rankings. The Toffees currently have 27 points, 2 points more than the 18th ranked team (Luton) but still have 1 match in hand.
If Everton decides to appeal this penalty, it must notify the Premier League organizers within the next 7 days.
Last month, Nottinham was also deducted 4 points for violating the PSR. The Tricky Trees is appealing this penalty. Nottingham is currently ranked 17th, 2 points behind Everton but has played 1 more match.
According to regulations, each Premier League club is allowed to lose 105 million pounds over a 3-year period. Last month, Everton announced a loss of £89.1 million in the 2022-23 season, almost double that of the 2021-22 season. The Toffees’ debt has increased to 330.6 million pounds after 6 consecutive seasons reporting losses.
