'Financial rules breach' Everton confirm 10-point deduction

 


Everton have been severely punished with a 10-point deduction for breaking the rules.

"Everton have been docked 10 points for breaching the Premier League's profitability and sustainability rules," the Premier League (PL) secretariat reported on Sunday.

Everton has been in the red for the past five years. The club lost £44.7 million in 2022, £102.3 million in 2021, £195 million in 2020, £139.9 million in 2019, and £118.8 million in 2018.

These are amounts that exceed regulations. The PL stipulates that each club can spend no more than £150 million to prevent overspending losses. Everton's financial losses amounted to £340 million over three years. In response, the PL filed a lawsuit against Everton in March 2022 for breaching the profit and sustainability rules.

It gets worse for Everton. The points deduction will drop Everton to 19th in the league. The Toffees, who are currently 14th in the league with four wins, two draws, and six losses, will have 10 points cut to four. They are on the same number of points as last-place Burnley, but have a goal difference advantage.

Everton will appeal. "We are both shocked and disappointed by the ruling of the Premier League (PL) Committee," Everton said in a 토토 statement on the club's official website on Sunday. The club believes that the committee has imposed a wholly disproportionate and unjustified sporting sanction," the official statement read.

"The Club has already communicated its intention to appeal the decision to the Premier League. The appeal process will now commence and the club's case will be heard by an appeal committee appointed in accordance with PL rules in due course."

"Everton cited the cost of the stadium, the impact of the war in Ukraine, which affected its sponsorship deal with USM, and the loss of value of players due to the COVID-19 pandemic," the UK's Telegraph reported. It argued that a decision to mitigate these losses would be acceptable."


Comments

Post a Comment

Popular posts from this blog

Image
 WHO IS THE MASTER OF ARNIS? Arnis is primarily defensive, encompassing hand-to-hand combat, grappling and disarming techniques. However, the fighting style also includes the use of bladed weapons and sticks, in addition to improvised weapons. A baton-like cane is the primary melee tool employed and the weapon used in officiated arnis competitions. Grandmaster Porfirio S. Lanada also known as Proferio Lanada, is one of the Philippines’ Internationally recognized Arnis Grandmasters. This 66-year old martial arts veteran is a part of the 1988 Martial Arts Hall of Fame, in Cleaveland Ohio and from the World Head of Family Sokeship Council he has received other awards namely, Arnis Legend and Arnis Pioneer. He is the founder of Arnis Lanada, a world 토토  recognized style of Filipino stick-fighting. Hid old student Amante Marinas published a book in the US entitled ARNIS LANADA, and this was the first book ever published about Arnis in the USA. Generously illustrated with very usefu...
Read more

Celtic's Yang Hyun-Jun gets his first assist in two games

 After joining Scottish professional soccer's top club Celtic this summer, Yang Hyun-joon has recorded his first offensive point in just two league games. Yang scored an assist after coming off the bench in the second half of Celtic's 2023-2024 Scottish Premiership second-round match against Aberdeen at Pittodrie Stadium in Aberdeen, Scotland, on March 13. Yang made his official match debut in the regular-season opener against Ross County on Sept. 5, coming on as a 34th-minute substitute, and he did so again today, starting on the bench before coming on for Riel Abada in the 25th minute. He delivered a quick, low cross from the flank in the 39th minute to Matt O'Reilly, who calmly slotted home the winner. Celtic beat Aberdeen 3-1 to make it two wins in a row to open the season. After coming off the bench in the opening two games of the league, Yang played more minutes on this occasion than in the previous match. Yang Hyun-joon, who joined Celtic at the end of last month aft...
Read more

Seo Gun-woo fails to reach men's 80kg final - advances to bronze medal match

Image
  South Korean taekwondo sensation Seo Gun-woo, 20, failed to advance to the final and is headed to the bronze medal match. World No. 4 Seo lost his quarterfinal match against world No. 9 Mehran Barghourdari of Iran, 1-2 (4-2, 9-13, 8-12), in the men's 80-kilogram taekwondo event at the Paris 2024 Olympic Games at the Grand Palais in Paris, France, on Monday afternoon (Feb. 9), dropping him to the bronze medal match instead of the final. Starting in Paris, the sport of taekwondo will have a new rule. Until the last Games in Tokyo, taekwondo consisted of three two-minute rounds, followed by a fourth round of overtime if a winner could not be determined, with the winner being the first to score two points. Points were accumulated in the third round until the overtime period, but this rule changed at the Paris Games. The rules for the three two-minute rounds are the same, but the points from each round are not cumulative. At the end of each round, the next round will be played to a 0-...
Read more