Everton has been deducted 10 points for a breach of the Premier League’s profitability and sustainability rules (PSR) for the season-ending 2021-22, the league said on Friday.
“The Commission determined that Everton FC’s PSR Calculation for the relevant period resulted in a loss of 124.5 million pounds ($154.70 million), as contended by the Premier League, which exceeded the threshold of 105 million pounds permitted,” it said.
“Everton Football Club is both shocked and disappointed by the ruling of the Premier League’s Commission,” the club said in a statement.
“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.
Everton cannot comment on this matter any further until the appeal process has concluded.”
