• Loading stock data...
Wednesday, December 4, 2024

Everton’s Financial Violations Result in Unprecedented Punishment

  • The Premier League has docked Everton 10 points for violations of Profitability and Sustainability Rules.
  • The severe punishment could set the stage for even bigger decisions against Chelsea and Manchester City.
Everton goalkeeper Jordan Pickford passes during the first half against the Everton.
Tommy Gilligan-USA TODAY Sports

The English Premier League has docked Everton FC 10 points for violations of Profitability and Sustainability Rules, formerly known as Financial Fair Play. It’s the largest points deduction in league history and the first punishment in the top flight of English football handed out relating to profitability and sustainability rules — but it might not be the last.

An independent commission hired by the EPL found that Everton lost £124.5 million ($155 million) in the period ending with the 2021-22 season; under PSR, clubs are only allowed to record losses of up to £105 million ($130.8 million). 

The sanction has immediate effect, meaning Everton instantly dropped into 19th place and the relegation zone of the Premier League table. 

“Everton Football Club is both shocked and disappointed by the ruling of the Premier League’s Commission,” the club said in a statement. “The Club believes that the Commission has imposed a wholly disproportionate and unjust sporting sanction. The Club has already communicated its intention to appeal the decision to the Premier League.

“The Club will also monitor with great interest the decisions made in any other cases concerning the Premier League’s Profit and Sustainability Rules.”

The last part is particularly pointed given pending decisions against Chelsea FC — and perhaps more notably, Manchester City FC

In February, the Premier League officially charged City with over 100 counts of financial violations dating back as far as 2009. 

As with Everton, the EPL referred the cases to an independent commission, which has to be feeling the pressure to make a decision. With the precedent now set and the impending violations much more severe, Chelsea and City could be facing punishment as far as relegation or titles being stripped.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Premier League Fans Protest Soaring Ticket Prices Despite Financial Boom

Fan protests involve several of the top pro clubs in English soccer.
Dec 18, 2022; Lusail, Qatar; FIFA president Gianni Infantino claps during the awards ceremony after the 2022 World Cup final between Argentina and France at Lusail Stadium.

FIFA Wants More Matches. Resistance Is Growing Inside the Global Soccer World

Resentment and frustration over expanded schedules is nearing a breaking point.

U.S. Investors Are Gunning for England’s Small Soccer Clubs

Is another Hollywood-like success story possible among the U.K.’s smallest clubs?

Fast-Growing Orlando Burnishes Sports Reputation With NWSL Win

The Pride’s NWSL title is the city’s first major pro championship.

Featured Today

Nov 1, 2024; Boise, Idaho, USA; Boise State Broncos running back Ashton Jeanty (2) leads the team onto the field prior to the first quarter against the San Diego State Aztecs at Albertsons Stadium.

Schools Are Scrambling to Prepare for the NCAA Revenue-Sharing Era

In the post–House v. NCAA world, “everyone’s kind of on their own.”
Nov 4, 2024; Kansas City, Missouri, USA; Recording artist Taylor Swift arrives prior to a game between the Tampa Bay Buccaneers and the Kansas City Chiefs at GEHA Field at Arrowhead Stadium.
November 29, 2024

The PWHL Could Be Inviting a Date With Taylor Swift’s Legal Team

The Toronto Sceptres may have opened a Pandora’s box of trademark issues.
November 23, 2024

Can an Elite Women’s Soccer School Survive the New College Sports Moneyball?

Santa Clara faces an uphill battle in the new college sports landscape.
Nov 16, 2024; Washington, District of Columbia, USA; Washington Spirit forward Trinity Rodman (2) celebrates after defeating NJ/NY Gotham FC in a 2024 NWSL Playoffs semifinal match at Audi Field. Mandatory Credit:
November 22, 2024

The Washington Spirit’s Business Makeover Carried Them to the Finals

The team’s return to the NWSL championship looks a lot different from 2021.

As LeBron James Struggles, Lakers—and NBA—Face Murky Future

In October, James had said he wanted to play all 82 games.
December 2, 2024

Red Bull Faces Driver, Financial Questions After Pérez’s Exit

Sergio Pérez is trailing Max Verstappen by 227 points in the championship.
Dec 1, 2024; Houston, Texas, USA; Houston Rockets guard Fred VanVleet (5) celebrates with center Alperen Sengun (28) after scoring during the second quarter against the Oklahoma City Thunder at Toyota Center.
December 2, 2024

Rockets Look Like Contenders, but Payroll Questions Loom

Houston is a half-game out of first in the Western Conference.
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.
December 1, 2024

Dodgers All-In Approach Clear As They Add to Championship Core

The defending-champion Dodgers are not resting on their laurels, but wielding their financial might.
Sep 25, 2011; Oakland, CA, USA; New York Jets owner Woody Johnson (center), coach Rex Ryan (left) and general manager Mike Tannenbaum on the sidelines before the game against the Oakland Raiders at O.co Coliseum.
November 25, 2024

Woody Johnson Brings in GM He Fired to Find Replacement for GM..

Mike Tannenbaum is the last Jets GM to guide them to the playoffs.
Nov 24, 2024; Inglewood, California, USA; Los Angeles Rams wide receiver Puka Nacua (17) runs the ball against Philadelphia Eagles cornerback Cooper DeJean (33) cornerback Quinyon Mitchell (27) and defensive tackle Jalen Carter (98) during the second half at SoFi Stadium.
November 25, 2024

Eagles Selling Stakes That Value Team at Sky-High $8 Billion

Eagles owner Jeffrey Lurie had been exploring minority sales for months.
Indiana Fever guard Caitlin Clark (22) smiles while answering a question Tuesday, Sept. 17, 2024, after an Indiana Fever practice at Gainbridge Fieldhouse in Indianapolis.
November 22, 2024

Caitlin Clark a ‘Vital’ Part of Cincinnati NWSL Bid As League Expands

The WNBA superstar has joined an NWSL expansion bid in Cincinnati.