Everton have confirmed that their ten-point deduction for breaching the Premier League’s Profit and Sustainability Rules (PSR), which was considered the harshest in Premier League history, has been reduced.
The Toffees were handed the points deduction by an independent commission back in November – a decision that sparked outrage not just within the club but also amongst the wider footballing community.
Refusing to take the hit without a fight, Everton launched an appeal, expressing their disappointment at the decision after being plunged into a relegation battle.
They’ve now been offered a reprieve with the Appeal Board ruling in their favour, which has seen the initial ten-point deduction reduced to six.
“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 statement read.
“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.
“The Club is also particularly pleased with the Appeal Board’s decision to overturn the original Commission’s finding that the Club failed to act in utmost good faith. The Club, therefore, feels vindicated in pursuing its appeal.”
After seeing four points returned, Everton have now leapfrogged Nottingham Forest and Brentford into 15th place on the Premier League table, five points above the drop zone.
While the reprieve offers Sean Dyche’s side a much-needed boost in their fight against relegation, their on-field woes continue, having failed to win any of their last nine Premier League games.
The recent ruling will undoubtedly lift the mood within the club, but they’re not out of the woods yet, with a second PSR charge hovering above their head.
Everton have been charged with a second breach, alongside fellow relegation battlers Nottingham Forest, and could be facing another potential points deduction.