Everton will face no further action from the Premier League after resolving all outstanding charges under profit and sustainability rules.
Ten points were previously deducted from the Toffees in November 2023 due to financial irregularities related to the 2021/22 season. The Premier League then made a second charge for the following season.
The potential sanctions, had the matter not been resolved, included another large points deduction, which would have significantly affected the club’s ongoing battle against relegation.
Joint statement from Everton and Premier League said: “The outstanding element of the claim against Everton Football Club for breaching the Premier League’s Profitability and Sustainability Rules for the period ending the 2022/23 season has been discontinued, meaning the club will face no further action.
“After the club was charged in January 2024, in March 2024 an independent Commission divided the case into two parts:
“After detailed consideration of further information and documents provided by the club, the Premier League Committee concluded that it would not be appropriate or proportionate to proceed with the second part of their appeal.
“The Club and the League agree that all proceedings between the League and the Club in relation to the Club’s breach of the PSR for the financial years ending 30 June 2022 and 30 June 2023 are hereby terminated.”
Everton recently rolled back the years appoint David Moyes as their manager for the second time. The 61-year-old replaces Sean Dyche, who was sacked by the club’s new owners, The Friedkin Group, and previously spent 11 years as the club’s manager before succeeding Sir Alex Ferguson in the role Manchester United boss in 2013
Moyes finished in the top eight in nine of his 11 seasons on Merseyside, qualifying for the 2005/06 Champions League after securing a top four finish.
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