Everton have been handed a 10-point deduction by the Premier League for breaking its financial fair play rules.
The deduction is the biggest in the competition’s history and drops the club into the relegation zone in 19th place,
only above bottom side Burnley on goal difference.
A statement from the Premier League read: “An independent Commission has imposed an immediate deduction
of 10 points on Everton FC for a breach of the Premier League’s Profitability and Sustainability Rules (PSRs).READ MORE
“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 FC’s PSR calculation for the relevant period resulted in a loss of £124.5 million, as contended by the Premier League, which exceeded the threshold of £105 million 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.”