Everton is now reeling 19th in the English Premier League point table -- above Burnly only on goal difference. The toffees got only 4 points in its kitty after a harsh 10-point penalty by the league after a report found the club guilty of financial rule violations. Here is breaking down the sanctions imposed on the English club for easier comprehension.
- Everton lost 10 points for breaching the English Premier League's financial rules.
- Everton stand at the receiving end of the biggest sporting sanction in the Premier League's 31-year history.
- According to reports, Everton's three-year losses last season amounted to nearly USD 454 million (372 million pounds). According to the Premier League's profit and financial sustainability rules, a club can lose a maximum of 105 million pounds ($128 million) over a three-year period or face sanctions.
- In March, it was alleged that Everton breached the profitability and sustainability rules and England's top-tier league referred the club to an independent commission. According to the Associated Press, the league decided to act after receiving multiple complaints against the Merseyside club from other EPL teams.
- The league referred Everton to an independent commission in March because of the alleged breach of profitability and sustainability rules, following complaints from a slew of rival clubs.
- A five-day hearing was held in October and the point deduction was declared after the verdict was out. "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," the league said in a statement.
- According to ESPN, reacting to the sanction, Everton claimed that it was "wholly disproportionate and unjust". The club reportedly announced its intention to appeal the decision to the Premier League.