iPhone | iPad
Android
Huawei
Top seed Jannik Sinner brushes aside fellow-Italian Lorenzo Sonego, while sixth seed Stefanos Tsitsipas falls to Brazilian qualifier Thiago Monteiro
KT APPDOWNLOAD
Everton docked two more points for second breach of financial rules
The deduction, announced in a Premier League statement, means Everton dropped to 16th place with 27 points, two above the relegation zone
Everton's supporters protest over the club 10-point punishment for breaching financial regulation in the streets on November 26, 2023. — AFP file
Everton were docked two more points by the Premier League on Monday -- their second points deduction this season -- after an independent commission found they had breached the league's Profitability and Sustainability Rules (PSR).
The deduction, announced in a Premier League statement, means Everton dropped to 16th place with 27 points, two above the relegation zone.
Everton said they would appeal against the points deduction, meaning the outcome of the relegation battle could go beyond the last day of the season on May 19.
"The independent commission heard evidence and arguments from the club on a range of potential mitigating factors for its admitted breach of 16.6 million pounds ($21 million), including the impact of its two successive PSR charges," the Premier League said.
"The commission determined the appropriate sanction to be a two-point deduction, taking effect immediately."
Everton admitted to a breach of PSR for the assessment period ending with the 2021-22 season, having incurred 124.5 million pounds in losses in that period. The club were subsequently deducted 10 points in November for that breach, although that was reduced to six on appeal in February.
The club was charged again in January for violations of the Premier League's PSR in their financial records for a period beginning in 2019-20 and ending in 2022-23.
While the Merseyside club did not dispute the Premier League's approach to a second sanction, they argued mitigating circumstances including double jeopardy, the loss of a sponsorship deal with Russia company USM and that they had promptly admitted their guilt.
"While the club's position has been that no further sanction was appropriate, the club is pleased to see that the commission has given credit to the majority of the issues raised by the club," Everton said.
"Everton remains committed to working collaboratively with the League on all matters relating to PSR but is extremely concerned by the inconsistency of different commissions in respect of points deductions applied.
"The club and its legal representatives have begun the preparations to appeal the commission's decision."
ALSO READ:
More news from Sports
Rahul top scores for LSG but Samson and Jurel get RR home with their 121-run stand
Hosts win fifth and final international match in Lahore by nine runs
Sheffield United relegated after huge loss at Newcastle, In-form Everton assured of Premier League survival with narrow victory over Brentford
The Capitals posted their highest total in the tournament to set up a ten-run win over their gritty rivals
The hosts dominate with a total of 194 medals including 65 golds with Saudi in second place and Kuwait in third
Dubai Amateur 17-year-old Oscar Craig continues to showcase his impressive form with third-round level par 72 at Saadiyat Beach Golf Club
Twice Grand Slam champion Alcaraz is set to make his Olympic debut while Nadal will be eyeing his third gold medal after wins in Beijing and Rio
