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Finance

Everton deducted two points following second breach of financial rules

Featured image credit: Biloblue/ CC BY-SA 4.0/ Edited for size

Featured image credit: Biloblue/ CC BY-SA 4.0/ Edited for size

English Premier League club Everton has been deducted two points for a second breach of profit and sustainability rules. 

The club was first charged with a breach for the three-year period to 2021-22 and received a 10-point deduction, which was reduced to six on appeal in February

This new charge follows the assessment period ending 2022-23, after the matter was referred to a Premier League Commission. 

Profit and sustainability rules allow clubs to lose £105m (€122m/£133m) over three years. According to the BBC, the independent commission found that Everton had breached this figure by £16.6m. 

In a statement, Everton said: “While the club’s position has been that no further sanction was appropriate, the club is pleased to see that the commission has given credit to the majority of the issues raised by the club, including the concept of double punishment, the significant mitigating circumstances facing the club due to the war in Ukraine, and the high level of co-operation and early admission of the club’s breach.”

The statement added that Everton and its legal representatives had already begun preparations to appeal the commission’s decision. 

Following the deduction, Everton has dropped one place to 16th in the Premier League table, and is now just two points above the relegation zone. 

Everton has seven games left to play of the current Premier League campaign, including against rivals Liverpool, and Arsenal on the final day of the season.

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