JUST IN: Everton deducted two points for second financial breach

Everton has incurred a deduction of two points due to a second breach of Premier League financial regulations.

The Profit and Sustainability Rules (PSR) allow clubs to incur losses of up to £105m over three years. An independent commission determined that Everton exceeded this limit by £16.6m for the three-year period leading up to 2022-23.

Consequently, Everton has fallen one spot in the standings to 16th place and now holds a two-point margin above the relegation zone.

Earlier, in February, the Toffees had a ten-point deduction reduced to six for the three-year period ending in 2021-22, following an appeal.

Everton has announced its intention to appeal the decision.

The independent commission, in its written findings, acknowledged the club’s arguments for mitigation, specifically in light of the following factors:

An Everton statement read: “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 Toffees also expressed deep concern regarding what they perceive as inconsistency in the punishments, highlighting that four different commissions have imposed four separate points deductions this season.

Additionally, Nottingham Forest, another Premier League club charged with breaches of the PSR this season, received a four-point deduction in March. Forest has since lodged an appeal against this decision.

Details Later….