Following an appeal hearing on Monday, Everton’s 10-point deduction was reduced to six.
The Premier League club received the sanction for violating the Profitability and Sustainability Rules (PSR).
They were deemed to have exceeded authorized losses by £19.5 million during an assessment period that ended with the 2021-22 season.
However, Everton appealed the ruling, and the hearing lasted three days, concluding at the beginning of February.
An official club statement read: “While the club is still absorbing the Appeal Board’s decision, we are pleased that our appeal has resulted in a reduction in the points sentence.
“We understand the Appeal Board considered the 10-point deduction originally imposed to be inappropriate when assessed against the available benchmarks of which the club made the commission aware, including the position under the relevant EFL regulations, and the nine-point deduction that is imposed under the Premier League’s own rules in the event of insolvency.
“The club is also particularly pleased with the Appeal Board’s decision to overturn the original Commission’s finding that the club failed to act in utmost good faith. That decision, along with reducing the points deduction, was an incredibly important point of principle for the club on appeal. The Club, therefore, feels vindicated in pursuing its appeal.”
Everton will now be on 25 points, which moves them up to 15th and five points above the bottom three.
