Everton was docked 10 points for breaking the Financial Fair Play regulations of the Premier League, and Chelsea and Manchester City have been warned that they could be demoted from the league.
The Premier League penalised Everton in March for violating FFP rules after the team incurred losses of £371.8 million over three years, when the maximum amount allowed by the competition is £105 million.
The Premier League has now docked the Toffees ten points, dropping them from 14th to 19th in the standings.
The Premier League, on the other hand, penalised City earlier this year for 115 violations of its financial regulations that occurred between 2009 and 2018.
The Premier League is also looking into Chelsea for possible financial rule violations under Roman Abramovich’s ownership.
Furthermore, attorney Stefan Borson, who has previously counselled City, thinks Chelsea and Man City could face a more severe penalty than Everton has.Borson wrote on X, saying, “It seems harsh to me that Everton would receive ten points for a simple FFP [Financial Fair Play] violation without seeing the judgement or award.”
However, it further emphasises that penalties against City [if proven] and Chelsea [if prosecuted and acknowledged for the off-books payments] could result in relegation.
Everton Football Club released a statement on Friday stating, “We are shocked and disappointed by the Premier League’s Commission’s ruling.”
“The club feels that a completely unfair and disproportionate sporting sanction has been imposed by the Commission.” The team has already informed the Premier League of its plan to appeal the ruling.
The club’s case will now be heard by an Appeal Board that has been constituted in accordance with Premier League regulations, and the appeal process will officially begin.
“Everton insists that it has always respected the integrity of the process and has been open and transparent in the information it has provided to the Premier League.”
“The club rejects the conclusion that it did not act in the best interest of the game, and it does not comprehend that the Premier League made this claim at any point during the proceedings.”
The Commission’s sentence, in terms of both its severity and its harshness, does not fairly or rationally represent the facts that was presented.
The club will also be closely watching any further rulings pertaining to the Premier League’s Profit and Sustainability Rules.
“Everton will not be able to comment on this issue until the appeal process is over.”