Everton’s 10-point deduction has been reduced to six following an appeal. The Toffees confirmed the deduction in a statement released on Monday.
It comes after the club breached profitability and sustainability rules (PSR).
An independent commission found they had exceeded permitted losses under the league’s PSR by £19.5m over an assessment period ending with the 2021-22 season.
The club, however, face a second PSR complaint for breaching rules over the assessment period running to the end of last season
“Everton can confirm an Appeal Board has concluded that the points deduction imposed by an independent Premier League Commission in November be reduced from 10 points to six points, with immediate effect,” the club said.
“While the Club is still digesting the Appeal Board’s decision, we are satisfied our appeal has resulted in a reduction in the points sanction.
“We understand the Appeal Board considered the 10-point deduction originally imposed to be inappropriate when assessed against the available benchmarks of which the Club made the Commission aware, including the position under the relevant EFL regulations, and the 9-point deduction that is imposed under the Premier League’s own rules in the event of insolvency.
“Notwithstanding the Appeal Board’s decision, and the positive outcome, the Club remains fully committed to cooperating with the Premier League in respect of the ongoing proceedings brought for the accounting period ending in June 2023.
“The Club is still considering the wider implications of the decision and will make no further comment at this time other than to place on record its thanks to our Fan Advisory Board and other fan groups throughout this process, and to all Evertonians for their ongoing support and patience.“