Everton have confirmed they will appeal their 10-point penalty for breaching financial rules.
The Toffees were handed the sanction a fortnight ago and given 14 days in which to appeal.
That process formally started today with the club issuing a statement, which read: “Everton Football Club has today lodged with the Chair of the Premier League’s Judicial Panel its appeal of the decision by a Premier League Commission to impose a 10-point deduction on the club.
“An Appeal Board will now be appointed to hear the case.”
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Everton fell foul of the Premier League’s Profitability and Sustainability Rules (PSRs) with an independent commission ruling they had exceeded by £19.5million the £105m threshold permitted for the period ending at the culmination of the 2021/22 season.
While most neutral observers felt the punishment was excessive, with local MPs even writing to the government to express their disappointment, the independent commission said Everton’s was a “significant breach that requires a significant penalty”.
Everton Football Club has today lodged with the Chair of the Premier League’s Judicial Panel its appeal of the decision by a Premier League Commission to impose a 10-point deduction on the Club. An Appeal Board will now be appointed to hear the case.
— Everton (@Everton) DECEMBER 1, 2023
It wrote: “The position that Everton finds itself in is of its own making – it is Everton’s responsibility to ensure that it complies with the PSR regime. The excess over the threshold is significant. The consequence is that Everton’s culpability is great.
“We take into account the fact that Everton’s PSR trend over the relevant four years is positive, but cannot ignore the fact that the failure to comply with the PSR regime was the result of Everton irresponsibly taking a chance that things would turn out positively.
“Further, Everton was less than frank in its dealings with the Premier League over the stadium interest issue. The reality is that Everton failed to manage its finances so as to operate within the generous threshold of £105 million.
“Its mismanagement led to that threshold being exceeded by £19.5 million. This was a serious breach that requires a significant penalty. The Commission considers that it should order an immediate deduction of 10 points.”
The punishment saw Everton plunged into the relegation zone and they now sit five points from safety following Sunday’s 3-0 home defeat to Manchester United.
