Everton said they would reduce their Premier League points deduction following appeal
Everton could see their points deduction reduced following an appeal, according to financial expert Kieran Maguire, who has provided a fascinating insight into the case.
Earlier this month, the Toffees were penalized for breaching Financial Fair Play rules and as a result received the highest points penalty in Premier League history.
It was found that Everton’s Profitability and Sustainability Rules (PSR) calculation for the period up to 2021-22 resulted in a loss of £124.5m, exceeding the £105m threshold. pound sterling.
The commission concluded that a sporting sanction should be imposed in the form of a 10-point deduction.
However, the club have confirmed they will appeal, with Everton director of football Kevin The well calling the outcome a “completely disproportionate and unjustified decision” by the Premier League committee.
Is loading…Sean Dyche’s side, who suffered a 3-0 defeat to Manchester United on Sunday, now find themselves in the relegation zone after points were deducted this month.
However, financial expert Kieran Maguire believes Everton could end up receiving a reduced sentence once the appeal is heard by a new independent panel.
Speaking to Football Insider, Maguire explained: “Everton’s penalty is broadly in line with the rate offered by the Premier League, although the committee did not take this into account.
This is definitely at the higher end of the scale.“Given that this is a test case, I think it is fair to say that there should have been a smaller points deduction, while an additional deduction would have been suspended.
“The committee could have made it clear at that time that future indiscretions would be dealt with more rigorously from a financial perspective and to provide guidance to clubs.“I think one of the frustrations from Everton’s point of view is that the breach was only £20m over three years.“
This is a lot of money for the average person in the street, but for a company turning over more than £200m a year, you could argue it’s less.“There is a lot to learn from this.”
Maguire added: “We know the Premier League have been pushing for 12 points and I think they’ve tried to use that as a benchmark going forward.
“But I don’t think Everton will end up with 10 points once they hear the appeal.”As previously mentioned, Everton are appealing the decision and have until December 1st to appeal.
According to Sky Sports, the Premier League will then have seven days to respond to the appeal before it is referred to the appeal committee.
