Everton will face no further action from the Premier League after all outstanding allegations over profit and sustainability rules are resolved.
The Toffees were previously deducted ten points in November 2023 due to financial irregularities relating to the 2021/22 season. The Premier League then made a second charge for the following season.
Possible sanctions if the matter was not resolved included a further significant points deduction, which would have significantly affected the club’s continued fight against relegation.
A joint statement from Everton and the Premier League said: “The outstanding part of the complaint against Everton Football Club for its breach of the Premier League’s profitability and sustainability rules for the period up to the 2022/23 season has been discontinued, meaning “that the club is confronted with this.” no further action.
“After the club was charged in January 2024, an independent commission in March 2024 divided the case into two parts:
“After careful consideration of the further information and documents provided by the club, the Premier League board has concluded that it would neither be appropriate nor proportionate to pursue the second part of its complaint.”
“The Club and the League agree that this terminates all proceedings between the League and the Club in relation to the Club’s breaches of the PSR for the financial years ending June 30, 2022 and June 30, 2023.”
Everton recently rolled back the years and appointed David Moyes as their manager for the second time. The 61-year-old has replaced Sean Dyche, who was sacked by the club’s new owners, The Friedkin Group, and previously served as the club’s manager for 11 years before succeeding Sir Alex Ferguson as Manchester United manager in 2013 .
Moyes finished in the top eight in nine of his 11 seasons on Merseyside and qualified for the 2005/06 Champions League after securing a place in the top four.