Everton's 10-Point Penalty Reduced to Six

Everton's points penalty for breaking the Premier League's financial rules has been reduced from 10 to six. Everton have jumped to 15th in the EPL table as a result.

Everton's points penalty for breaking the Premier League's financial rules has been reduced from 10 to six.

The Toffees were docked 10 points in November for breaching the Premier League's profit and sustainability rules (PSR).

This was after the club admitted to making losses in excess of £105 million during the three-year period ending in the 2021/22 season.

But Everton appealed against the severity of the punishment, which has now resulted in Sean Dyche's team regaining four points.

The reduction has seen Everton jump from 17th in the EPL table to 15th and they are now five points clear of the relegation zone.

However, another points deduction could be incoming.

Everton were charged in January with a second PSR breach - relating to the period ending in the 2021/22 season.

That case will be heard before April 8.

Everton's 10-point penalty for PSR breaches has been reduced to six upon appeal :: IMAGO/Every Second Media

A Premier League statement issued on Monday read: "Everton FC appealed the sanction imposed against it on nine grounds, each of which related to the sanction rather than the fact of the breach."

Meanwhile, Everton said in a statement: "While the Club is still digesting the Appeal Board's decision, we are satisfied our appeal has resulted in a reduction in the points sanction.

"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, including the position under the relevant EFL regulations, and the 9-point deduction that is imposed under the Premier League's own rules in the event of insolvency.

"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."