Everton Football Club has confirmed that their points deduction for breaching the Premier League's profitability and sustainability rules has been reduced on appeal. The Toffees had initially been hit with a 10-point deduction but have now had it reduced to six points with immediate effect.
Everton appealed the hefty deductions imposed on them for breaching the top-flight’s profitability and sustainability regulations (PSR). After the appeal, an independent Appeal Board concluded that the points deduction should be reduced.
In a statement, Everton expressed their satisfaction with the reduction in the points sanction. The Appeal Board considered the original 10-point deduction to be inappropriate when compared to the available benchmarks, including the Premier League's own rules in the event of insolvency.
The Appeal Board also overturned the original Commission's finding that the club failed to act in utmost good faith, which was an important point of principle for Everton on appeal.
Despite the reduction in the points deduction, Everton remains fully committed to cooperating with the Premier League in the ongoing proceedings related to the accounting period ending in June 2023.
The club is still considering the wider implications of the decision and will not provide further comment at this time. Everton expressed their gratitude to their Fan Advisory Board and other fan groups for their support and patience throughout the process.
With the points deduction reduced, Everton now sits in 15th place in the Premier League standings, leapfrogging Nottingham Forest and Brentford. Sheffield United and Burnley, who are battling against relegation, now face an even greater challenge, as they are 11 points behind Forest in 17th place.
Everton's successful appeal has resulted in a reduction of their points deduction for breaching the Premier League's profitability and sustainability rules. The club remains committed to cooperating with the Premier League in the ongoing proceedings. With the reduced points deduction, Everton has moved up in the league standings, while Sheffield United and Burnley face an uphill battle to avoid relegation.
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