Everton have been deducted 10 points after being found guilty of breaching the Premier League's profit and sustainability rules. The new...
Everton have been deducted 10 points after being found guilty of breaching the Premier League's profit and sustainability rules.
The news comes as a devastating blow to manager Sean Dyche and it will leave the Toffees joint-bottom of the table with four points, ahead of Burnley only on goal difference.
A statement from the Premier League read: "An independent commission has imposed an immediate deduction of 10 points on Everton for a breach of the Premier League's profitability and sustainability rules [PSRs].
"The Premier League issued a complaint against the club and referred the case to an independent commission earlier this year.
"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.
"Following a five-day hearing last month, the commission determined that Everton's PSR calculation for the relevant period resulted in a loss of £124.5million, as contended by the Premier League, which exceeded the threshold of £105m permitted under the PSRs.
"The commission concluded that a sporting sanction in the form of a 10-point deduction should be imposed. That sanction has immediate effect."
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