Everton set for new points deduction after shattering development – Sources
Everton could face a third points deduction after their latest club accounts were released, sources have told Football Insider.
Speaking on the latest edition of Football Insider’s Inside Track podcast, transfer correspondent Pete O’Rourke revealed that the Toffees could face yet another sanction after publishing losses of over £89million in their latest accounts.
Everton published their accounts for the 2022-23 season on Sunday (31 March) which revealed an overall turnover of £172.2million.
However, Sean Dyche’s side also announced a loss of £89.1million which added to their losses of £45million in 2021-22 and £121million in 2020-21.
Everton may face third deduction after new accounts emerge
Their latest accounts bring their total debut to a huge £330.6million, largely driven by the continuing build of their new stadium at Bramley-Moore Dock.
Everton were hit with a shattering 10-point deduction for profit and sustainability breaches back in November which was subsequently reduced to six in February.
The Merseyside club were punished with this breach as they were deemed to have exceeded their allowable losses by £19.5million.
However, they could face their second deduction of the season and are in the process of a second hearing which could result in further punishment.
A verdict for their second hearing is reportedly expected to be revealed by Monday (8 April).
Everton sit 16th in the Premier League table after their 1-1 draw against Newcastle United at St James’ Park on Tuesday (2 April).
They are next in action against Burnley at Goodison Park on Saturday afternoon (6 April).
In other news, Everton to be drained of cash by new Premier League takeover demand – Kieran Maguire.
For more Everton news, follow us on Facebook or join our brand new WhatsApp Channel for instant updates to be sent straight to your phone.