Argentina's economy shrinks for first time in nearly three years
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2023-09-20 03:48
Rachel McAdams’ mum desperate for her to make ‘Game Night’ sequel
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2023-05-21 16:27
Everton rocked by points deduction as Premier League takes stand over financial fair play
Everton have been given a 10-point deduction after an independent commission found them guilty of breaching the Premier League’s financial fair play (FFP) rules. The club plan to appeal against what they regard as a disproportionate and “unjust” punishment and said they were “shocked and disappointed” by the decision and the sanction. But as it stands, Sean Dyche’s men will drop from 14th to 19th place in the Premier League table and be plunged into greater danger of relegation as they only stay above bottom side Burnley on goal difference. The Toffees become the first English top-flight club to receive such a punishment for falling foul of FFP guidelines. They are just the third club in the Premier League era to be deducted points for any reason: Portsmouth saw nine points taken away for entering administration in 2010 and Middlesbrough were slapped with a three-point deduction for illegally postponing a game in 1997 – both teams subsequently suffering relegation at the end of the season. A statement from the Premier League read: “An independent commission has imposed an immediate deduction of 10 points on Everton FC for a breach of the Premier League’s Profitability and Sustainability Rules (PSRs). “The Premier League issued a complaint against the club and referred the case to an independent commission earlier this year. During the proceedings, the club admitted it was in breach of the PSRs for the period ending season 2021-22 but the extent of the breach remained in dispute. “Following a five-day hearing last month, the commission determined that Everton FC’s PSR calculation for the relevant period resulted in a loss of £124.5m, as contended by the Premier League, which exceeded the threshold of £105m permitted under the PSRs. The commission concluded that a sporting sanction in the form of a 10-point deduction should be imposed. That sanction has immediate effect.” Last month, the Premier League had recommended a deduction of up to 12 points for the Toffees, as they urged the independent commission to impose a severe sanction. Everton responded in a club statement that said: “Everton Football Club is both shocked and disappointed by the ruling of the Premier League’s commission. “The club believes that the commission has imposed a wholly disproportionate and unjust sporting sanction. The club has already communicated its intention to appeal the decision to the Premier League. The appeal process will now commence and the club’s case will be heard by an appeal board appointed pursuant to the Premier League’s rules in due course. “Everton maintains that it has been open and transparent in the information it has provided to the Premier League and that it has always respected the integrity of the process. “The club does not recognise the finding that it failed to act with the utmost good faith and it does not understand this to have been an allegation made by the Premier League during the course of proceedings. Both the harshness and severity of the sanction imposed by the commission are neither a fair nor a reasonable reflection of the evidence submitted. “The club will also monitor with great interest the decisions made in any other cases concerning the Premier League’s Profit and Sustainability rules.” Manchester City face 115 charges for allegedly breaching FFP rules in a case that has not yet been heard while Chelsea could also face charges relating to former owner Roman Abramovich’s reign. Everton had announced a total loss of over £300m for the three-year period from 2019 to 2022, far above the £105m permitted. However, clubs were also permitted additional losses related to the Covid-19 pandemic and infrastructure costs are exempt, meaning there is a grey area in terms of interest payments on the costs of building Everton’s new stadium. Everton contend that that is where the discrepancy lies and that it is a matter of the interpretation of accounting. In addition, Everton had a £200m pre-agreement for a naming rights deal for their new Bramley-Moore Dock stadium with USM, Alisher Usmanov’s company, which they had to abandon after Russia’s illegal invasion of Ukraine in February 2022. Everton have willingly operated under a de facto salary cap since then. The Premier League provided the club with financial guidelines and Everton have a net profit of £28m from the last four transfer windows – the third largest, after Leicester and Brighton, in that time. The Independent has previously reported that an extra layer of political pressure was exerted by the anticipated introduction of an independent football regulator – as laid out by prime minister Rishi Sunak in the King’s Speech earlier this month – with other figures in the sport believing the Premier League is attempting to show the government it can regulate itself. Eyes will now turn to Burnley, Leeds United and Leicester City, who had threatened to sue the Merseyside club for financial losses should they be found guilty of an FFP breach. Read More Watch: Everton CEO responds to Premier League after point deduction Everton vow to fight to ‘unjust’ Premier League points deduction Victor Lindelof: Scoring more goals is next step for Manchester United Sean Dyche: Everton are starting to show belief on the road after latest win Everton edge Crystal Palace in five-goal thriller On this day in 2014: David Moyes appointed Real Sociedad head coach
2023-11-17 22:27
Saudi Fund for Development Signs New $20 Million Development Loan Agreement to Construct and Equip Schools in Tajikistan
DUSHANBE, Tajikistan--(BUSINESS WIRE)--Oct 9, 2023--
2023-10-09 20:25
Mercury vs. Wings prediction and odds for Friday, June 9 (Value on total)
The Mercury and Wings meet for a second time this week after Dallas handed Phoenix a second straight loss on Wednesday night.Dallas is off to a 4-3 start this season while the Mercury have struggled at 1-4. The Wings try to force the tempo and while neither team could buy a bucket in the first m...
2023-06-09 22:59
Millie Bright offers injury update ahead of Women’s World Cup
Millie Bright has expressed her confidence that she will be ready for England’s World Cup opener as she continues her recovery from knee surgery. The defender, captain of the squad heading to the tournament in Australia and New Zealand in the absence of ACL injury victim Leah Williamson, underwent an operation after limping out of a Chelsea match in March. While Bright expects Saturday’s World Cup warm-up game against Portugal in Milton Keynes will come too soon for a return to action, she is feeling positive about the Lionesses’ opening Group D fixture against Haiti in Brisbane on July 22. The 29-year-old, who has been doing individual work during the squad’s camp at St George’s Park, said: “The knee’s really good. “I think we are a little bit ahead (of schedule) actually. Coming into it, there’s a big chunk of time before the first game, so we’re really confident and everything is going exactly the way we wanted it to go. “I think Saturday will be a little bit too soon. I’m not back with the girls yet and I don’t think we want to rush that. Obviously, we have a lot of time until the first game.” Asked if she thought there was any danger of her being undercooked, Bright said: “No, not at all. “I think the amount of minutes I’ve played leading up to this has been ridiculous, through the roof, so if anything I feel mentally and physically fresher than I’ve ever felt. “I can’t remember the last time I had longer than two weeks off. It’s been a fair few years now. A blessing in disguise I call it, that I’ve mentally and physically been able to completely just have a clean slate and let my body recover. I’ve played through many injuries but this one, I just couldn’t quite get there.” There had been concern for Alex Greenwood after she went down with an injury during Tuesday’s training session, but the Manchester City defender has said she “will be OK”, adding: “(It is) on the shin. It’s sore, but it’s football. It was a tackle, part of the game.” Meanwhile, Aston Villa midfielder Lucy Staniforth has been added to England’s standby list in place of forward Jess Park, who is returning to Manchester City for rehabilitation on a shoulder injury. Staniforth joins Maya Le Tissier on standby and both will remain with Sarina Wiegman’s 23-player squad until the Haiti match, with the European champions set to fly to Australia next Wednesday. Staniforth said: “I looked at my phone and saw it was Sarina and I was thinking ‘what’s going on?’ “I kind of thought once the first week (of England’s pre-World Cup camp, which started on June 19) was out of the way, if there was any chance of getting brought in, it would be then. I was surprised obviously. “I got her to repeat the whole tournament schedule again for me about three or four times because I just kept saying ‘sorry, when are we travelling?’ I just hadn’t followed it because I wasn’t involved. I was so out of the loop. I was buzzing. I wanted to get in the car quick and get straight down there. “I was supposed to go to Ibiza with my mum on Monday which is obviously very unfortunate. My mum was buzzing for me and of course wanted me to go. She wasn’t bothered about Ibiza. She will still go on her own. If anyone sees someone on their own in Ibiza, she’s looking for a bit of company!” Read More Lucy Staniforth added to England’s World Cup standby list amid injury concerns Happiness key to ‘best season’ of my career, says England’s Rachel Daly Kane must take Bayern transfer chance - and so should Spurs Man City ‘to submit improved offer’ for Declan Rice after Arsenal bid
2023-06-28 15:24
Distressed US Offices Jump to $24.8 Billion, Overtaking Malls
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2023-07-19 22:28
Costco taps operation chief Vachris as next CEO
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2023-10-19 04:52
Who won 'America's Got Talent' Season 18? Dog act duo Adrian Stoica and Hurricane from Italy bag $1M in NBC show's finale
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2023-09-28 11:26
Hardline Republican Jim Jordan makes grab for US House speaker's gavel
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US Senate panel passes AM radio, ticket fee pricing bills
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2023-07-28 02:22
Charlize Theron sparks romance rumors as she packs on the PDA with hunky model Alex Dimitrijevic
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