Everton learn fate over Premier League PSR charges

Everton will face no further action from the Premier League after resolving all outstanding Profit and Sustainability Rules charges.

The Toffees were previously deducted ten points in November 2023 over financial irregularities relating to the 2021/22 season. A second charge was then brought by the Premier League for the following season.

Potential sanctions, had the matter not been resolved, included another hefty points deduction, which would have significantly affected the club's ongoing battle against relegation.

A joint statement from Everton and the Premier League says: "The outstanding element of the complaint against Everton Football club for its breach of the Premier League's Profitability and Sustainability Rules for the period ending Season 2022/23 has been discontinued meaning that the club will face no further action.

"Following the club being charged in January 2024, in March 2024, an independent Commission split the case into two parts:

• The first part imposed a two-point deduction on the club for its admitted breach of £16.6m, following a hearing in March 2024. Click here to read the Commission's decision. Everton initially sought to appeal the Commission's decision in May 2024 but withdrew the appeal and the two-point deduction remained in place in Season 2023/24.

• The second part of the case primarily concerned the appropriate treatment of interest payments relating to the club's new stadium and whether the accounting treatment adopted by the club impacted the extent of the club's admitted breach. The second part of the case was paused to allow time for the club to provide further information and documents to the Premier League Board concerning the relevant accounting treatment adopted. 

"After considering the further information and documents provided by the club in detail, the Premier League Board has concluded that it would not be appropriate or proportionate to continue to pursue the second part of their complaint.

"The club and the League agree that this brings to an end all proceedings between the League and the club in relation to the club's breaches of the PSR for the financial years ending 30 June 2022 and 30 June 2023."

Everton have recently rolled back the years to appoint David Moyes as their manager for a second time. The 61-year-old has replaced Sean Dyche, who was sacked by the club's new owners, The Friedkin Group, and previously spent 11 years as the club's manager before succeeding Sir Alex Ferguson as Manchester United boss in 2013.

Moyes finished inside the top eight in nine of his 11 seasons on Merseyside, qualifying for the 2005/06 Champions League after securing a top-four finish.

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