Everton has been slapped with an immediate 10-point deduction by the Premier League for violating profit and sustainability rules. This severe penalty, the most significant in Premier League history, drops Everton to 19th place with just four points.

 

The Premier League referred Everton to an independent commission in March, citing breaches of financial regulations. Although specifics were not initially disclosed, Everton reported a £44.7 million deficit in the 2021-22 financial year, marking the fifth consecutive year of financial losses.

While Premier League clubs are allowed a £105 million loss over three years, Everton admitted breaching profit and sustainability rules for the period ending 2021-22. Following a five-day hearing in October, the commission concurred with the Premier League, finding Everton's losses during that period to be £124.5 million.

 

In response, Everton shared a club statement that expressed shock and disappointment, deeming the ruling "wholly disproportionate and unjust.":

"Everton Football Club is both shocked and disappointed by the ruling of the Premier League’s Commission."

"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 10-point deduction leaves the Toffees level with bottom club Burnley on four points after 12 matches - and two points adrift of safety.