evertonA mainstay of the Premier League, which has spent almost its entire 145-year history in England’s top flight, it has now suffered 10 points deducted for violating financial rules ——Unprecedented punishment will drag the club into the Premier League relegation zone.
Points will be deducted immediately pending appeal, leaving Everton with four points and 19th place after 12 games into the 2023-24 season.
They represent the toughest sporting sanctions in Premier League history and have raised all sorts of questions about the rules themselves, the consequences of Everton’s breach and confusion about the rules themselves. manchester city ——EPL giant Charged with more than 100 separate violations of similar rules.
Shortly after the Premier League announced its decision on Friday, Everton issued a statement in responsesaying it was “shocked and disappointed by this ruling.” It plans to appeal against what it calls “a completely disproportionate and unfair sports sanction.”
What did Everton do?
Everton breached the Premier League’s so-called “profit and sustainability rules”, which essentially stipulate that clubs cannot lose more than £105 million ($130 million) over three years.
Everton lost £124.5 million ($155 million) over the three seasons from the start of the 2019-20 season to the end of the 2021-22 season, according to the independent Premier League committee that ruled on the case.
This story will be updated soon.