Following an appeal, Everton’s 10-point sanction for violating the Premier League’s Profitability and Sustainability Rules, PSR, has been lowered to six.
On November 17, an independent commission sanctioned the Toffees for exceeding authorized losses by £19.5 million over an assessment period concluding with the 2021/2022 season.
However, the Merseyside club opted to appeal the verdict at the beginning of February.
Everton will now have 25 points as their punishment has been reduced, putting them in 15th place and five points above of the bottom three teams.
“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.
“That decision, along with reducing the points deduction, was an incredibly important point of principle for the club on appeal. The Club, therefore, feels vindicated in pursuing its appeal,” an Everton statement read in part.