Everton to face no further action over PSR issue

Everton will face no further action from the Premier League over an outstanding issue relating to a breach of its financial rules.

The Toffees were deducted two points in April for a second breach of the league's profit and sustainability regulations (PSR).

However, the club and league remained in dispute over a second part of the charge relating to interest costs associated with the building of the club's new stadium at Bramley-Moore Dock.

Had the issue gone in the Premier League's favour Everton could have faced further punishment.

"After considering the further information and documents provided by the club in detail, the Premier League Board has concluded that it would not be appropriate or proportionate to continue to pursue the second part of their complaint," read a joint statement.

"The club and the League agree that this brings to an end all proceedings between the League and the club in relation to the club's breaches of the PSR for the financial years ending 30 June 2022 and 30 June 2023."

Senior Everton sources feel the decision comes as no surprise to the club and the hierarchy will be pleased to have reached a resolution with the Premier League so both parties can now move forward.

Speaking earlier on Friday, manager David Moyes was asked whether the club's PSR position will now help with signing players in this transfer window.

The Scot said: "I'm probably not the person you should be speaking to about this as I don't quite have the full information.

"But I think things are looking much better than they were, obviously new ownership has come in which will help greatly, but I hope it doesn't affect us too much in this transfer window. I am sure as we go on it will be much easier to do business in the future."

Under PSR, clubs can lose up to £105m over three years but an independent commission found Everton breached that by £16.6m for the three-year period to 2022-23.

They had a 10-point deduction reduced to six on appeal in February for the three-year period to 2021-22.

Nottingham Forest were also charged with PSR breaches last season and were docked four points in March.

Despite the deductions Everton finished 14th in the table, 14 points clear of the relegation zone, with Forest ending six points clear in 17th.

On Tuesday the Premier League said it had not charged any clubs for breaches of PSR after all were deemed financially compliant for the 2023-24 season.