Everton in danger of third points deduction after Section 20 reveal – sources
Everton could face a third points deduction this summer after the Premier League challenged the club over £23.5million of costs attached to their stadium build, Football Insider can reveal.
The Merseyside club were handed a two-point deduction this week for breaching the Premier League’s Profit and Sustainability Rules which added to a six-point deduction earlier in the season.
However, Section 20 of the Independent Commission Report reveals that there is still an ongoing dispute between the Premier League and the club over borrowed money to fund the stadium.
It states that a commission at a later time will assess “retrospective capitalisation” in their 20-21 and 21-22 accounts as well as “capitalisation of interest” relating to their 22-23 figures.
Football Insider understands that this refers to borrowing costs of £25.5million which the club did not include in their PSR calculations.
Everton at risk of new points deduction after £24m accusation
The Premier League argue (see Section 15) that Everton were entitled to discount “only £2million” of the borrowing costs and therefore are in breach of PSR by a further £23.5million.
The matter will be heard by another independent commission throughout the summer and it could result in Everton starting the 2024-25 season on minus points.
Given that Everton were previously deducted six points for an overspend of £19.5million, a further breach of £23.5million could result in another significant penalty for the club.
Football Insider was exclusively told by ex-Everton CEO Keith Wyness that the Premier League have sunk to “new depths” after the latest two-point deduction.
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