Everton were given an immediate 10-point penalty for breaching the Premier League’s profit and sustainability regulations.
Everton said they were “shocked and disappointed” by the decision and vowed to appeal.
“None of the severity of the sanctions imposed is a fair or reasonable reflection of the evidence presented,” the club said.
The point deduction, set by an independent committee and with immediate effect, is the biggest in Premier League history and will drop Sean Dyche’s side into the relegation zone.
The Premier League said Everton had admitted in a five-day hearing that they had breached the league’s Profitability and Sustainability Regulations (PSR).
The committee said: “As the Premier League claimed, Everton’s PSR calculations for the period in question resulted in a loss of £124.5 million, which exceeds the allowed PSR threshold of £105 million. The decision was made.
Everton, who narrowly avoided relegation to the Championship last season, were 14th in the league table, eight points above the bottom three, before dropping points.
Only three clubs in the history of the Premier League have ever taken points. Middlesbrough were deducted three points in the 1996-97 season against Blackburn for failing to play, while Portsmouth were deducted nine points after coming into power in March 2010.
Tottenham were given a 12-point penalty before the 1994/95 season for financial irregularities committed several seasons earlier, but the penalty was initially reduced to six points and eventually revoked.
Everton’s next game after the international break is at home to Manchester United on November 26th. super sundae -Kickoff at 4:30 p.m.
What is your background?
Everton were referred to an independent commission by the Premier League in March for possible breaches of profit and sustainability regulations.
Ahead of a hearing last month, the club said it would “firmly defend” and “strongly contest” the charges.
The details of the alleged infringement have not been disclosed, but sky sports news We understand the claims relating to interest payments on the cost of building the club’s new stadium at Bramley Moor Dock.
Everton’s full response
“Everton Football Club is shocked and disappointed by the Premier League Committee’s ruling,” Everton said in a statement.
“The club believes that the committee has imposed a totally disproportionate and unfair sporting sanction.
“The club has already informed the Premier League of its intention to appeal against this decision. The appeal process will now begin and the club’s case will be heard by an appeals committee appointed in accordance with Premier League regulations. ”
“Everton insists that the information it has provided to the Premier League has been open and transparent and that it has always respected the integrity of the process.
“The club does not accept the finding that it did not act with the utmost good faith, nor does it understand that this is an allegation made by the Premier League during the course of the proceedings.
“None of the severity of the sanctions imposed by the Commission is a fair or reasonable reflection of the evidence presented.
“The club will also be monitoring with great interest decisions made in other cases relating to the Premier League’s profit and sustainability rules.
“Everton cannot comment further on this matter until the appeal process is complete.”
Leicester considering legal options
Leicester are considering their options and are consulting with their lawyers on how to respond to Everton’s 10-point deduction.
The Foxes finished 18th in the Premier League last season and were relegated to the Championship, while Everton finished first and two points above them.
If Everton had been handed a points deduction during the previous season, Leicester would still have been top of the table.
Leicester has not commented on the matter. sky sports news We understand that discussions are ongoing regarding potential legal claims against Everton.
If Leicester were to sue in civil court, he would only be able to seek financial compensation for the loss of income resulting from his demotion.
Club leaders are believed to have accepted that a sporting response is unlikely. For example, it would be impossible for Leicester to demand that their Premier League status be restored at Everton’s expense.
Commentary: Why was Everton given a 10-point penalty?
Sky Sports News Chief Correspondent Kaveh Solhekol:
“If you look at the statement of reasons submitted by the Premier League’s independent commission, they say this is a complex case.
“To put it as simply as possible, Everton have been found guilty of breaching the Premier League’s Financial Fair Play Rules. They are called the Profit and Sustainability Rules.”
“In the simplest terms, this means clubs can afford to lose up to £105 million. The committee will consider this and Everton will ultimately lose £124.5 million for the 2021/22 season. We determined that we had suffered a loss of 1,000 pounds.”
“There are many reasons for that. Many clubs have been hit hard financially due to coronavirus. We are talking about Everton spending a lot of money on players and also increasing their wages significantly. “It was a time when things weren’t going well.”On the pitch, things were going well and they were trying to cut costs.
“We are also talking about the period in which Everton are trying to build a new stadium.Everton have also been hit by the fact that Alisher Usmanov, who had a commercial relationship with the club, has been sanctioned. , its funding source has run out.” It was closed.
“This is the biggest sporting sanction ever handed down by the Premier League. This will have a huge impact on Everton’s season and whether they move up the table or stay at the bottom of the table.”
“Other times the same thing happened with Premier League clubs Portsmouth and Middlesbrough, but both teams ended up being relegated.”
“I don’t know what the possibilities are. [of Everton’s appeal succeeding] But I think it will be completed very quickly.
“There is a lot of anxiety and uncertainty about profit and sustainability rules and potential penalties as these cases can be lengthy.
“The Premier League has introduced a new rule that these incidents have to be dealt with quickly, so if someone is given a point deduction it will be for that season and the incident will be dealt with quickly. ”
“This process should therefore take up to three months from start to finish, including any appeals. “This hearing will be heard by a new committee, and I am confident that Everton will mount a very solid defence. I am confident that we will do it.”