The Premier League is not pursing an outstanding profitability and sustainability rule (PSR) dispute with Everton, it has been confirmed
A lingering PSR dispute had remained for Everton over the club’s 2022-23 accounts.
The club had already admitted to a breach of £16.6million ($21m) for their 2022-23 PSR calculation and were deducted two points by an independent commission in April. However, a dispute had continued concerning a difference of opinion over the capitalisation of interest payments.
An Everton statement read: “Everton can confirm the club has resolved all outstanding Profit and Sustainability Rules (PSR) charges brought by the Premier League.
“The Premier League has formally discontinued the second part of the PSR complaint for the period ending FY23 and has deemed the Club PSR compliant for FY24.”
A joint statement from Everton and the Premier League added: “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.”
More to follow
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