Everton Accepts Two-Point Deduction from Premier League
The Toffees have decided not to appeal the two-point deduction imposed by the Premier League, bringing an end to the saga. This decision comes as a relief to the Merseyside club, who were initially deducted 10 points in November for breaching the Premier League’s profit and sustainability regulations.
The Premier League logo
The points deduction was Everton’s second of the season, with the first being a six-point deduction in November, which was later reduced to six points on appeal in February. The total deduction of eight points put the team in a precarious position, but Sean Dyche’s side managed to secure 14 points from their last seven matches, ensuring they finished 15th in the table, 11 points clear of the relegation zone.
“A hearing, scheduled for later this month, will now not proceed, and the club will conclude the 2023/24 Premier League season with the two-point deduction remaining in place,” Everton said in a statement.
The second points deduction was a result of breaching the Premier League’s profit and sustainability regulations for the accounting period ending in June 2023. The club admitted to a breach of £16.6 million, exceeding the permitted threshold.
Sean Dyche, Everton’s manager
The first deduction was due to their finances in the 2020-21 season, where their profit and sustainability calculation resulted in a loss of £124.5 million, exceeding the permitted threshold of £105 million.
Everton’s decision to accept the points deduction brings an end to the uncertainty surrounding the team’s fate. The Toffees can now focus on rebuilding and preparing for the next season.
Goodison Park, Everton’s home stadium
The club’s acceptance of the points deduction is a significant step forward, and fans will be hoping that this marks a new beginning for the team.
“A hearing, scheduled for later this month, will now not proceed, and the club will conclude the 2023/24 Premier League season with the two-point deduction remaining in place.” - Everton’s statement
