The English Premier League announced on Friday that Everton FC is being punished with a 10-point deduction for breaching the league’s profitability and sustainability rules. An independent commission ran an investigation into the matter and made the decision to punish the club.
The punishment is the largest in the league’s 31-year history.
The Premier League brought in the commission to investigate whether Everton breached protocols for three years through the 2021-22 season. The commission found that Everton lost £124.5 million, or $155 million, over the three-year span, which exceeded the maximum number of losses allowed at £105 million, or $130 million.
