Everton Football Club has suffered a significant financial blow due to their eight-point deduction this season, with the loss of merit payments totaling over £12 million.
The club’s breach of Premier League Profit and Sustainability Rules in consecutive seasons resulted in two separate deductions, initially 10 points and later reduced to six, followed by an additional two-point deduction.
The cumulative eight-point deduction has dropped Everton to 15th place in the table, with one game remaining in the season.
Without the deductions, the club would have secured 48 points and sat in 11th place, level with Brighton in 10th. The four lost positions in the league come at a significant cost, with each position worth an additional £3.1 million in merit payments.
While Everton will still receive over £90 million in merit payments, the lost income could have severe implications for the club amidst their current financial struggles.
The financial setback will undoubtedly impact the club’s plans for the upcoming season, making it even more crucial to secure a strong finish in their final game against title-chasing Arsenal on Sunday, May 19th.
Sean Dyche’s side will aim to end their 2023-24 campaign on a high note, but the financial consequences of the points deduction will undoubtedly be felt in the coming months.
The club’s financial struggles have been well-documented, and the loss of over £12 million in merit payments will only add to the challenges facing the Everton hierarchy.