Blog Business Entertainment Environment Health Latest News Lifestyle News Analysis Opinion Science Sports Technology Videos World
Everton Points Deduction: Appeal Hearing

After being sanctioned on November 17 due to a breach of Profit and Sustainability Rules (PSR), Premier League side Everton have had their appeal heard this week with a decision due to be made by mid February. 


The team were dealt the heavy blow after they were referred to an independent commission in March of last year. Following a five-day hearing Everton were found to have made a total loss of £124.5m over five consecutive years. 


PSRs state that teams are only permitted to have a loss of £105m over a three-year periodThe appeal hearing began on 31 January and ended on 2 February. The point deduction was the largest in Premier League history and caused Everton to plummet to the relegation zone. 


In a statement, the club said it “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 fair nor a reasonable reflection of the evidence submitted. 


“The club will also monitor with great interest the decisions made in any other cases concerning the Premier League’s profit and sustainability rules.” 


Everton are also facing another possible points deduction after they were charged earlier this month for further breaching of rules. They were charged alongside Nottingham Forest, with cases still ongoing for the likes of Manchester City and Chelsea.


 


Following the second charge, Everton released a statement saying “The Premier League does not have guidelines which prevent a club being sanctioned for alleged breaches in financial periods which have already been subject to punishment, unlike other governing bodies, including the EFL. 


“As a result - and because of the Premier League’s new commitment to deal with such matters “in-season” - the Club is in a position where it has had no option but to submit a PSR calculation which remains subject to change, pending the outcome of the appeal. 


“The Club must now defend another Premier League complaint which includes the very same financial periods for which it has already been sanctioned, before that appeal has even been heard.”


 


 


Share This Post On

Tags: #Everton #PremierLeague #Football



0 comments

Leave a comment


You need to login to leave a comment. Log-in
Thesocialtalks.com is a Global Media House Initiative by Socialnetic Infotainment Private Limited.

TheSocialTalks was founded in 2020 as an alternative to mainstream media which is fraught with misinformation, disinformation and propaganda. We have a strong dedication to publishing authentic news that abides by the principles and ethics of journalism. We are an organisation driven by a passion for truth and justice in society.

Our team of journalists and editors from all over the world work relentlessly to deliver real stories affecting our society. To keep our operations running, We need sponsors and subscribers to our news portal. Kindly sponsor or subscribe to make it possible for us to give free access to our portal and it will help writers and our cause. It will go a long way in running our operations and publishing real news and stories about issues affecting us.

Your contributions help us to expand our organisation, making our news accessible to more everyone and deepening our impact on the media.

Support fearless and fair journalism today.


Related