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Everton Financial Punishment Trimmed After Appeal Is Partially Successful

Feb 26, 2024

Toffees are breathing a sigh of relief Monday as their team gets a slightly more comfortable cushion away from the regulation zone.

Everton FC dropped 10 points in November as punishment for violating the English Premier League’s financial rules, immediately placing it in the regulation zone. The club’s appeal was partially successful, and the penalty changed to six points Monday, a crucial five points above relegation.

The initial punishment—the biggest points deduction in the league’s history and the first one on account of financial rules—came after an independent commission hired by the EPL found Everton violated the league’s Profitability and Sustainability Rules, formerly called Financial Fair Play. The rules state clubs aren’t allowed to lose more than £105 million ($130.8 million) in a three-year time frame, and in the period ending with the 2021–22 season, the commission found Everton lost £124.5 million ($155 million). The rules are designed to encourage long-term financial responsibility and avoid overspending.

Source: Front Office Sports

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