Everton APPEAL 10-point deduction after being found guilty of breaking Premier League spending rules

EVERTON have appealed their Premier League 10-point deduction.

The Toffees were hit with the sanction after breaching financial fair play rules.

PA

Everton fans protested the Premier League’s decision last week[/caption]

The club breached profit and sustainability rules after recording financial losses of £44.7million for the 2021-22 season – bringing their three-year total to £124.5m.

Everton became the first Premier League team to be hit with a points deduction for breaching FFP rules.

The sparked protests from fans at last week’s home match against Manchester United.

The club has now taken action by appealing the Premier League’s decision.

They wrote in a statement: “Everton Football Club has today lodged with the Chair of the Premier League’s Judicial Panel its appeal of the decision by a Premier League Commission to impose a 10-point deduction on the Club.

“An Appeal Board will now be appointed to hear the case.”

The 10-point deduction plunged Everton into the relegation zone and they now sit on just four points from 13 games.

The club could even be hit with a further points deduction this season if found to have broken rules for the 2022/23 campaign.

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That’s because new regulations say that a charge for “standard” breaches of the regulations must be laid within 14 days of the club financial accounts being provided.

A commission hearing must then be held within 84 days, with the verdict and – if applicable – sentence delivered within a further seven days.

That means any Everton breach would bring a charge by January 15 with a final decision by April 15.

Everton could also be hit with a nine-point deduction if they enter administration as a result of the potential lawsuits being brought against them.

Leeds, Leicester and Burnley understood to be preparing claims to sue Everton for £100m each after being relegated from the Premier League in recent seasons.

And if successful with their lawsuit the Toffees could have to cough up £300m in compensation, which new owners 777Partners would be unable to pay.