Everton have had their 10-point deduction for breaching Premier League financial rules reduced to six points after a successful appeal. The club had been found guilty of exceeding the permitted losses of £105m over a three-year period, as well as failing to provide accurate financial information.
How Everton appealed the decision
Everton had argued that their financial situation was affected by the Covid-19 pandemic, which reduced their income from matchday revenue, broadcasting rights and commercial deals. They also claimed that they had taken steps to reduce their spending and comply with the rules in the future.
The Premier League’s independent arbitration panel agreed to reduce the penalty by four points, taking into account the club’s mitigating circumstances and their cooperation with the investigation. However, the panel also warned Everton that they would face further sanctions if they did not adhere to the financial regulations in the next reporting period.
What this means for Everton’s season
The six-point deduction means that Everton have dropped from 12th to 15th in the Premier League table, with 28 points from 26 games. They are now 11 points above the relegation zone, and 14 points behind the top six.
The reduced penalty gives Everton some hope of climbing the table and challenging for a European spot, as they have two games in hand over some of their rivals. However, they will also have to improve their form, as they have only won one of their last six league matches.
How Everton fans reacted to the news
Everton fans have expressed mixed feelings about the outcome of the appeal. Some have welcomed the reduction of the penalty, and praised the club’s legal team for fighting the case. Others have criticised the club’s management for putting them in this situation in the first place, and called for more transparency and accountability.
Everton supporters’ group The Blue Union said in a statement: “We are relieved that the points deduction has been reduced, but we are still disappointed that our club has been found guilty of breaching the financial rules. We hope that this will be a wake-up call for the club to sort out their finances and run the club in a more sustainable and responsible way.”
