Everton have been deducted 10 points for a breach of profit and sustainability rules.
Everton handed heaviest points punishment in the history of the Premier League, Club ‘shocked and disappointed’ by the ruling; Everton plunged into the relegation zone.
The deduction, which will be imposed with immediate effect, is the largest in the history of the Premier League and plunges Sean Dyche’s team into the relegation zone.
Only two clubs have previously been docked points in Premier League history – Middlesbrough, who were deducted three for failing to fulfill a fixture against Blackburn in 1996/97 and Portsmouth, who were stripped of nine after entering administration in March 2010.
The deduction, which will be imposed with immediate effect, is the largest in the history of the Premier League and plunges Sean Dyche’s team into the relegation zone.
According to the Premier League, Everton admitted during a five-day hearing it was in breach of the league’s Profitability and Sustainability Rules with the Commission ‘determining Everton FC’s PSR Calculation for the relevant period resulted in a loss of £124.5million, as contended by the Premier League, which exceeded the threshold of £105million permitted under the PSRs.’
After narrowly avoiding relegation to the Championship last season, Everton were, prior to their points loss, 14th in the league table, eight points above the bottom three.