Everton Abandons Appeal Against Premier League Points Deduction

Everton has decided to drop their appeal against a two points deduction for violating Premier League profitability and sustainability regulations, deeming their chances of success unlikely. The appeal was initiated following a second points deduction on April 8th due to a £16.6 million overspend until 2023. Previously, Everton had been penalized 10 points later reduced to six for breaching regulations by £19.5 million until 2022.

Although an independent commission was scheduled to commence Everton’s appeal on Monday, the club’s legal team, upon reviewing Nottingham Forest unsuccessful attempt to overturn a four-point deduction, opted against proceeding. Everton recent surge under manager Sean Dyche which earned him the Manager of the Month award for April secured their Premier League status this season.

However, Everton still faces the prospect of another hearing regarding their 2023 breach and the potential for a third points deduction. This comes after the previous commission failed to resolve a disagreement between the club and the Premier League concerning stadium interest payments. The Premier League contends that Everton unlawfully capitalized £23.46 million in stadium interest payments in their accounts, a claim the club disputes.

In a statement released on Friday, Everton announced “Everton Football Club has withdrawn its appeal of the decision by a Premier League independent commission to impose a two points deduction on the club for a breach of the Premier League profitability and sustainability rules for the accounting period ending in June 2023.”

Cataleya

Share
Published by
Cataleya

Recent Posts

Bayern Munich End Losing Streak with 1-0 Win Over Benfica

Bayern Munich ended their two-match losing streak in the Champions League with a 1-0 victory…

2 hours ago

Robert Lewandowski Hits Brace as Barcelona Crush Red Star

Robert Lewandowski continued his sensational form, scoring twice as Barcelona cruised to a 4-1 victory…

2 hours ago

Arsenal’s Unbeaten Run in Europe Snapped by Inter Milan

Arsenal’s unbeaten Champions League run ended with a controversial 1-0 defeat to Inter Milan at…

3 hours ago

Jimmy Anderson Eyes IPL Spot After Retirement

Jimmy Anderson, England's all-time leading wicket-taker has put himself forward for selection in the Indian…

3 hours ago

Jim Whitley: From Footballer to TV Star in Jamie Johnson FC

Jim Whitley has enjoyed a diverse post-football career, spanning from portrait painting to musical theatre…

3 hours ago

Benjamin Mendy Triumphs in Legal Battle Over £11m Salary Claim

Benjamin Mendy won a legal battle against Manchester City over unpaid wages and secured the…

3 hours ago