Everton have been deducted ten points after breaching the Premier League’s Profit and Sustainability Rules.
Premier League officials lodged a formal complaint against Everton earlier this year with the case referred to an independent commission, who decided after a five-day hearing to find the Toffees guilty and imposed a ten-point deduction penalty with immediate effect.
The points deduction has dropped Everton from 14th position in the table down to second bottom and in the relegation zone, only avoiding slipping down to last place due to their superior goal difference over Burnley.
Everton’s Profit and Sustainability Rules (PSR) calculation found that they had made a loss of £124.5million, which was £19.5m above the £105m limit imposed by the league hence why a ten-point deduction penalty was determined to be an appropriate punishment.
The club immediately responded to the decision with a public statement, where they expressed their intention to launch an immediate appeal.
‘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.’
Sean Dyche’s Toffees will now resume their league campaign on Sunday 26 November at home to Manchester United in a 4:30pm GMT kick-off, live on Sky Sports in the UK.