On Friday, a three-man independent panel convened by the Premier League opted to dock Everton 10 points for violating the competition's profit and sustainability rules (PSR). Everton have said they will appeal the punishment and, in a written statement, said they would "monitor with great interest the decisions made in any other cases concerning the Premier League's Profit and Sustainability Rules."
Everton were charged with violating PSR rules for the three seasons ending with 2021-22. The maximum losses allowed in that period -- after allowing for all sorts of adjustments based on COVID impact, youth development and other costs -- were £105 million. The Premier League maintains their losses amounted to £124.5m, while Everton contend they simply accounted for certain payments differently and dispute the interpretation of some of the accounting practices. They also dispute the size of the punishment.
Manchester City, on the other hand, are charged with failing to give "a true and fair view of the club's financial position." The severity of the punishment for City and Chelsea will depend on the specific charges against them.
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