"Everton was punished with a 10-point deduction after being found guilty of violating the Premier League's financial fair play rules. This is reported by The Guardian.
It is reported that Everton's case was referred to an independent commission after reviewing the financial statements of Premier League clubs for the 2021/2022 season. "Everton has recorded losses of £371.8 million over the past three years.
According to Premier League rules, clubs can incur losses of up to £105 million during a season. Those who violate these rules can be fined or lose points.
Following this decision, which was the largest deduction of points in the history of the competition, Everton dropped to the relegation zone of the Premier League.
