• Loading stock data...
Friday, February 7, 2025

Everton Financial Punishment Trimmed After Appeal Is Partially Successful

  • Everton’s appeal of the EPL’s 10-point punishment was reduced to a six-point loss.
  • The league penalized the club for losing too much money in a season and is looking into Chelsea and Man City for the same reason.
Everton goalkeeper Jordan Pickford passes during the first half against the Everton.
Tommy Gilligan-USA TODAY Sports

Toffees are breathing a sigh of relief Monday as their team gets a slightly more comfortable cushion away from the regulation zone.

Everton FC dropped 10 points in November as punishment for violating the English Premier League’s financial rules, immediately placing it in the regulation zone. The club’s appeal was partially successful, and the penalty changed to six points Monday, a crucial five points above relegation.

The initial punishment—the biggest points deduction in the league’s history and the first one on account of financial rules—came after an independent commission hired by the EPL found Everton violated the league’s Profitability and Sustainability Rules, formerly called Financial Fair Play. The rules state clubs aren’t allowed to lose more than £105 million ($130.8 million) in a three-year time frame, and in the period ending with the 2021–22 season, the commission found Everton lost £124.5 million ($155 million). The rules are designed to encourage long-term financial responsibility and avoid overspending.

Everton immediately appealed the decision. Two of the team’s nine grounds for appeal were upheld by an independent appeals board, the EPL said in a statement, leading to the change.

Everton confirmed the news in a statement Monday and said that the appeals board overturned the original finding that the club had “failed to act in utmost good faith.”

“While the Club is still digesting the Appeal Board’s decision, we are satisfied our appeal has resulted in a reduction in the points sanction,” the statement read.

The decision is also good news for Chelsea and Manchester City, which face PSR issues. Last year, the EPL charged City with more than 100 counts of violations from 2009 to ’18, including failing to provide accurate information and cooperate with investigations.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Josh Allen

Polymarket Whale Made Huge Late Bets On Josh Allen Winning NFL MVP

Allen’s odds skyrocketed from the 50s to over 90% on Thursday afternoon.
NCAA flag

NCAA Bans Trans Athletes From Women’s Sports After Trump Order

The move was expected after a Trump executive order.
Sep 17, 2018; Chicago, IL, USA; Chicago Bears former player Brian Urlacher is honored with a Ring of Excellence from Chicago Bears owner Virginia Halas McCaskey during half time of a game between the Chicago Bears and the Seattle Seahawks at Soldier Field.

Bears Owner Virginia Halas McCaskey Dies at 102

McCaskey was the oldest owner in North American sports before she died.

Featured Today

‘Ultimate Throwback’: The Unimpeachable Cool of Hartford Whalers Gear

Nostalgia and street cred have driven a consistent frenzy for merch.
January 20, 2024; Santa Clara, CA, USA; Kristin Juszczyk, wife of San Francisco 49ers fullback Kyle Juszczyk (44), before a 2024 NFC divisional round game against the Green Bay Packers at Levi's Stadium.
February 1, 2025

The New WAGs: Sports Wives Building Business Empires

Athletes’ wives and girlfriends are bucking stereotypes and cashing in.
Feb 3, 2019; Berkeley, CA, USA; California Golden Bears mascot dances on the court during a stoppage in play in the second half against the Stanford Cardinal at Haas Pavilion.
January 31, 2025

The Toll of Bicoastal Travel on New ACC Members Cal and Stanford

Cal and Stanford face missed flights, chaotic sleep schedules, and academic demands.
January 28, 2025

It’s Starting to Pay to Be Good at Cornhole

American Cornhole League players made $7.7 million in 2024.

Gavin Newsom Reveals Status of 2028 Olympics As Los Angeles Wildfires Roar

Gavin Newsom says there’s a “Marshall Plan” to rebuild Los Angeles.
Paralympics Tiktok
August 25, 2024

The Wildly Successful Paralympics TikTok Account Isn’t What You Think

A cheeky TikTok account is opening the world of Paralympic sports.
August 30, 2024

Premier League Transfer Spending Has Already Topped $2 Billion As Deadline Looms

Saudi Pro League teams haven’t yet matched their English counterparts.
Sponsored

How UBS Crafts Impactful Partnerships Across Sports, Arts, and Culture

As UBS continues to expand its impressive array of sports and entertainment partnerships, the company solidifies its position as a leader in wealth management.
August 11, 2024

Passing of the Torch: Los Angeles Set for Olympic Firsts in 2028

The city last hosted the Summer Olympics in 1984.
August 1, 2024

Saudi Arabia Submits Bold World Cup Bid That Includes a Cliffside Arena

The Saudis are proposing a new stadium in a futuristic city called Neom.
John John Florence (USA) surfs in men’s round two competition during the Tokyo 2020 Olympic Summer Games at Tsurigasaki Surfing Beach.
July 29, 2024

Olympic Surfers Won’t Get Their Full Paris Moment

‘We’re kind of separate off on our own little thing over here.’
Teahupo'o Tahiti Surfing
July 26, 2024

Olympic Surfing Crashes on Tahiti Like a Wave

For Teahupo‘o’s locals, the Olympics are a mixed blessing.