Everton was docked 10 factors for a breach of the Premier League’s profitability and sustainability guidelines (PSR) for the season ending 2021-22, the league stated on Friday.
An unbiased fee imposed a direct deduction that can see Everton drop from 14th into the relegation zone, above backside facet Burnley on objective distinction.
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The Premier League stated it had issued a grievance towards the Merseyside membership and referred the case to the unbiased fee earlier this 12 months.
“During the proceedings, the club admitted it was in breach of the PSRs for the period ending season 2021-22 but the extent of the breach remained in dispute,” the league said in a statement.
“The Commission determined that Everton FC’s PSR Calculation for the relevant period resulted in a loss of £124.5 million ($154.7m), as contended by the Premier League, which exceeded the threshold of £105m permitted under the PSRs.”
Everton stated the sanction was “wholly disproportionate and unjust” and introduced its intention to attraction the choice to the Premier League.
“Everton maintains that it has been open and transparent in the information it has provided to the Premier League and that it has always respected the integrity of the process,” the membership said in a statement.
“The club does not recognise the finding that it failed to act with the utmost good faith and it does not understand this to have been an allegation made by the Premier League during the course of proceedings.
“Both the harshness and severity of the sanction imposed by the Commission are neither a good nor an inexpensive reflection of the proof submitted.”