Everton issue ‘shocked’ statement and plan to fight points deduction from Prem

Everton will fight the points deduction from the Premier League after they handed a whopping 10-point deduction.

The findings from an independent commission who heard the case over the club’s alleged breach of profit and sustainability rules were published and the huge sanction has been handed out. Everton were referred by the Premier League to an independent commission in March.

That came following an audit of all top-flight clubs’ financial records for the 2021-22 season. It is related to interest from loans for Everton’s new stadium at Bramley-Moore dock. The Premier League allow clubs to lose a maximum of £105m over a three-year period.

READ MORE: Everton deducted points as Premier League confirm decision over FFP violations

READ MORE: Inside Everton's new stadium with seats installed and cranes covering pitches

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Everton recorded losses of £371.8m over the previous three years. The news means Sean Dyche’s side will drop to 19th in the table and just ahead of bottom club Burnley on goal difference.

The club argued in the hearing that they did not breach the P&S rules and that their losses were permissible and it was an interpretation of accounting. It is understood they believe the punishment is inappropriate.

Everton have worked with the Premier League in a transparent manner since August 2021. They believe there was no breach of the rules and that there is a lack of clarity over P&S in the league.

A statement said: “Everton Football Club is both shocked and disappointed by the ruling of the Premier League’s Commission. 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."

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