The punishment is that the club drops to 19th place on the league table. They are two points short of safety.
Everton, a Premier League club, has been penalized with a 10-point penalty. The club was penalized for violating the Premier League financial fair play regulations. The penalty is the largest ever in the history of the competition.
The punishment has seen the club fall to 19th place on the league table. It is two points short of safety. Everton, which has denied any wrongdoing on their part, claims that a sporting punishment for an accounting infraction is unjustified. They have stated their intention to file an appeal with Football League. The club stated that they were “shocked” and “deeply disappointed” by the ruling.
In an interesting twist, Burnley, Leicester and Leeds have already written to the new Everton owner, 777 Partners. The clubs warned the owners they would take legal action if the club was found guilty. All three clubs have been relegated over the past two seasons, and Everton narrowly avoided the drop.
In the case Everton an independent commission was formed following the audit of the financial statement of Premier League Clubs for 2021-22. Last year, Burnley and Leeds sent a letter to the Premier League inquiring as to whether Everton had breached the rules after losing £371.8 million in the past three years.
According to Premier League regulations, clubs can lose up to £105m over a three-year period – and breaches of the league’s profitability and sustainability regulations can result in fines or points deductions.
However, Everton issued a statement After the verdict was announced, the defendant denied any wrongdoing. The statement said, “The club believes that the commission has imposed a wholly disproportionate and unjust sporting sanction … Everton maintains that it has been open and transparent in the information it has provided to the Premier League. It has always respected integrity of the process.
“The club doesn’t recognise the findings that it did not act with the highest good faith. It is not clear to me that the Premier League made this allegation during the proceedings. The severity and harshness of the sanction imposed on the commission is neither fair nor reasonable in relation to the evidence presented.
“The club will also be closely monitoring any other cases involving the Premier League profit and sustainability rules.”