Everton has formally appealed against their second points deduction for violating the Premier League’s financial regulations, according to BBC Radio Merseyside. Initially, the club received a 10-point deduction, which was later reduced to six points on appeal in February for the three-year period leading up to 2021-22.
The ongoing appeal process must be finalized by May 24th, five days after the conclusion of the final Premier League match. Currently positioned 16th in the table, Everton aims to secure distance from the relegation zone as they face Chelsea on Monday.
The breach of profit and sustainability rules (PSR) allows 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 accounting period up to 2022-23.
There remains the possibility of an additional points deduction for Everton concerning interest costs associated with the construction of their new stadium at Bramley-Moore Dock. However, this matter is unlikely to be resolved before the end of the season.
Here’s a timeline of key events related to Everton’s cases:
- March 24, 2023:
Premier League refers Everton to an independent commission for an alleged breach of financial fair play rules. - November 17, 2023:
Everton incurs an immediate 10-point deduction after being found in breach of Premier League financial rules. - January 15:
Everton, along with Nottingham Forest, faces charges for profit and sustainability rule breaches, with a hearing required to be concluded by April 8. - February 26:
Everton’s initial 10-point penalty is reduced to six points after an appeal. - March 25:
A hearing regarding Everton’s second charge, pertaining to the three-year accounting period ending in 2022-23, takes place. - April 8:
Everton receives a second two-point deduction. - April 15:
Everton officially appeals against the second points deduction. - May 19:
Everton’s final match of the Premier League season, away to Arsenal (16:00 BST). - May 24:
The deadline for concluding the latest appeal hearing.
