By Prof Dr Ian Blackshaw
Everton have suffered a further points deduction for a further breach of The English Premier League Profit and Sustainability Rules (PSR).
Under the PSR, clubs are allowed to lose £105 million over three years, and Everton breached that threshold by £16.6 million (15.8% above this limit) in respect of the three-year period ending 2022-2023.
As a result of and taking into account some mitigating factors pleaded by the club, two points have been deducted. This means they drop one place to 16th in the League and are now, therefore, two points above the relegation zone.
The club had a ten-point deduction, which was reduced on appeal to six points in February of this year in respect of the three-year period ending 2021-2022.
The club have announced that they will appeal against their latest points deduction.
They also face another possible points deduction in respect of interest costs related to the building of the club’s new stadium at Bramley-Moor Dock, which is due to open later this year!
The Premier League contends that these costs should count against losses, whilst the club contends that they should be excluded, having capitalised them on their balance sheet.
It will be interesting to see what happens next in this sad saga!
Prof Dr Ian Blackshaw may be contacted by e-mail at ‘