Everton’s recent appeal has seen their 10-point deduction for breaching the Premier League’s Profitability and Sustainability Rules (PSR) reduced to six points, following a three-day hearing that concluded in early February.
The club had been sanctioned for exceeding permitted losses by £19.5m over an assessment period ending with the 2021-22 season.
The reduction in points moves Everton up to 15th place in the Premier League, now five points clear of the relegation zone.
In a statement, the club expressed satisfaction with the appeal outcome, noting that the appeal board deemed the original 10-point deduction to be inappropriate when considering relevant benchmarks and regulations.
Additionally, Everton highlighted the appeal board’s decision to overturn the original commission’s finding that the club had failed to act in utmost good faith, considering it an important point of principle.
The club feels vindicated in pursuing the appeal and believes that the outcome reflects a fair assessment of their circumstances.
This development allows Everton to focus on their on-field performance with a renewed sense of stability, as they strive to secure their Premier League status for the upcoming seasons.