Everton have communicated their resolve to appeal their historic 10-point deduction sanction by the Premier League’s Commission.
The Club registered their displeasure at the decision in a press statement saying, “The Commission has imposed a wholly disproportionate and unjust sporting sanction.”
“Both the harshness and severity of the sanction imposed by the Commission are neither a fair nor a reasonable reflection of the evidence submitted.”
They insist they have been transparent all these while and intend to appeal the decision.
“The Club has already communicated its intention to appeal the decision to the Premier League. The appeal process will now commence and the Club’s case will be heard by an Appeal Board appointed pursuant to the Premier League’s rules in due course.
“Everton maintains that it has been open and transparent in the information it has provided to the Premier League and that it has always respected the integrity of the process. The Club does not recognise the finding that it failed to act with the utmost good faith and it does not understand this to have been an allegation made by the Premier League during the course of proceedings.”
On Friday, the Premier League (PL) announced a 10-point deduction as a sanction against Everton for breaching the Premier League’s profit and sustainability rules, a punishment referred to as the “biggest” sporting sanction in the competition’s history
The sanction has placed the Club 19th with four points on the league table. They are now next to the bottom.
PL slapped Everton with the sanction after investigations found they have exceeded the £105 million loss threshold set for PL clubs over three years.
“Following a five-day hearing last month, the Commission determined that Everton FC’s PSR Calculation for the relevant period resulted in a loss of £124.5m, as contended by the Premier League, which exceeded the threshold of £105m permitted under the PSRs. The commission concluded that a sporting sanction in the form of a 10-point deduction should be imposed. That sanction has immediate effect.”
According to the the Commission’s report, the loss was self-made.
“Everton’s understandable desire to improve its on-pitch performance (to replace the non-existent midfield, as Mr Moshiri put it in evidence) led it to take chances with its PSR position. Those chances resulted in it exceeding the £105m threshold by £19.5m.
“The position that Everton finds itself in is of its own making. 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.”