Everton have officially lodged an appeal against their two-point deduction for a second breach of the Premier League’s profit and sustainability rules.
The Toffees, who were docked six points earlier this season for breaking PSR rules in the assessment period up to the 2021-22 season, were handed another penalty last week for the three-year cycle to 2022-23 after admitting a breach of £16.6m.
The appeal hearing over the second points deduction is expected to take place in the next couple of weeks.
- Everton hit with new two-point deduction
- Points deductions here to stay for PL financial breaches
- PSR explained: What limits clubs spending more?
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Points deductions here to stay for PL financial breaches
Clubs who break the Premier League’s financial rules can still expect to be given significant points deductions in the future, despite a proposal to replace points penalties with a fine.
At the latest shareholders meeting of Premier League clubs last Thursday, the future of squad cost controls was one of a number of key issues on the agenda.
And in principle, they agreed to introduce new financial rules. It would likely mean clubs will be limited to spending 85 per cent of their revenue on transfers, wages and agents’ fees.
Clubs voted to progress with new squad cost ratio rules to replace current Profitability and Sustainability Rules (PSR). Two votes were on proposed new rules, and one was unanimous. A final vote on whether to adopt new rules will be taken at the Premier League’s AGM in June.
PSR rules will still be in place for next season. If new rules are adopted at the AGM, there would be a transition period next season where the new rules would shadow current PSR rules.
But perhaps crucially, the sanction of points deductions will remain for next season and will also remain as part of the new squad cost ratio rules.