Everton deducted 10 points after breaching Premier League financial rules / Photo: © AFP/File
-
Saka to be carefully managed after latest injury setback, says Arteta
-
Oil hits $116 with stocks mixed on earnings, AI
-
Goodell says NFL's France debut 'just the beginning'
-
De Zerbi says Tottenham's dire record at Chelsea 'more motivation'
-
Singapore widens haze probe to local firms linked to Indonesian fires
-
Lula, Bolsonaro in final debate showdown before Brazil vote
-
Hundreds of Syrians protest repeated Israeli incursions
-
Poulter latest golfer to leave LIV
-
El Salvador sends troops to Haiti to find 4 missing soldiers
-
Gunman kills one, wounds five in town outside Paris
-
Liverpool must go 'full gas' despite injury issues, says Iraola
-
Melania Trump says secured ceasefire in Ukrainian city of Oleshky
-
Oil hits $115 with stocks mixed on earnings, AI
-
Carrick 'confident' he can turn around Man Utd slump
-
Casualties feared as multi-storey building collapses in Nairobi
-
PSG v Lyon French Ligue 1 game postponed due to Paris protests
-
Man Utd defeat to Como 'unacceptable', says Carrick
-
Meghan Markle 'distressed' over claims father had child abuse images
-
Hurzeler 'focused' on Brighton job despite Man Utd links
-
Gunman kills one, wounds four in town outside Paris
-
Hammer blow for Kenya as world marathon champ Jepchirchir suspended for doping
-
France to deploy 70,000 police ahead of new protests
-
Latin America's right-wing swing looms large over nature summit
-
Mekies hails Verstappen as Red Bull's driving force amid revival
-
European, Mideast foreign ministers hold talks in Istanbul
-
Tanker with Russian diesel heads to New York under Trump deal
-
World marathon champion Peres Jepchirchir suspended for doping: AIU
-
New centre puts focus on Portuguese dictator Salazar's legacy
-
Romania blames Russia for new deadly attack on ship
-
Oil nears $115 with stocks mixed on earnings, AI
-
Waze rejects Malaysia's data security claims after civil servant ban
-
Asian football endorses Infantino re-election in apparent U-turn
-
'Call of Duty' seeks to win back fans with warfare spectacle
-
Ukraine says two soldiers died after arrested girl sent Russian poison
-
Volvo Cars shares plunge on losses, job cuts
-
New Greece law bans social media for under-15s
-
France braces for new protests as Macron seeks to restore order
-
Netanyahu orders West Bank closure as attack wounds Israelis before election
-
Kering shares tumble as Gucci fails to reassure investors
-
Asian stocks mixed ahead of weekend as tech recovers early losses
-
West Bank attack wounds 5 as Israel PM cancels events
-
How five Boeing 777s linked Madagascar's power elite to Iran
-
Ahead of APEC summit, Trump comes knocking on Kim's door
-
South Korea proposes holding border talks with North
-
Emergency nurseries rescue DR Congo's Ebola orphans
-
Ukraine's young figure skaters twizzle on despite Russian threat
-
Bezzecchi tops Australian MotoGP practice as wallaby hops onto track
-
Asian football endorses Infantino re-election as FIFA president
-
Under-threat Ospreys bet on new ground and Australian 'stardust'
-
Complete Kane hopes for 'special night' as Ballon d'Or rumours swirl
NYSE - LSE
Everton deducted 10 points after breaching Premier League financial rules
Everton have been docked 10 points after breaching Premier League financial rules, the English top flight announced on Friday.
The league referred Everton to an independent commission in March for an alleged breach of its profitability and sustainability rules (PSRs).
Clubs are allowed to lose a maximum £105 million ($130 million) over a three-year period or face sanctions.
The punishment, the biggest sporting sanction in the competition's history, leaves Everton 19th in the table.
The Premier League said in a statement: "The club admitted it was in breach of the PSRs for the period ending season 2021/22 but the extent of the breach remained in dispute.
"Following a five-day hearing last month, the commission determined that Everton FC's PSR calculation for the relevant period resulted in a loss of £124.5 million, as contended by the Premier League, which exceeded the threshold of £105 million permitted under the PSRs.
"The commission concluded that a sporting sanction in the form of a 10-point deduction should be imposed. That sanction has immediate effect."
Everton issued a statement saying they were "shocked and disappointed by the ruling", announcing their intention to appeal.
R.Flueckiger--VB
