Everton have been able to pull themselves clear of the relegation zone in recent weeks.
A lot of change has been brought to Merseyside for that to happen with David Moyes’ appointment seeing three consecutive Premier League wins in a row.
Under the 61-year-old, Everton have been able to pull nine points clear of the drop zone and climb a few places in the table.
However, Sean Dyche’s time did not quite go as smoothly as Moyes’ has begun.
Dyche admitted he couldn’t take Everton any further following The Friedkin Group’s acquisition of the club.
But the former Everton manager was up against it with the true cost of their PSR consequences showing after a recent claim.
- READ MORE: What people have warned Arne Slot about Everton ahead of Liverpool’s trip to Goodison Park
Everton lost out on £8.4m as a result of PSR breaches
Last season was a real headache for the Toffees who saw two separate points deductions inflicted on them for PSR breaches.
Everton were initially handed a 10-point deduction, which was reduced to six points. And then a further two points were taken away from Dyche’s side later on in the season.
Although the Blues were able to retain their Premier League status, there has been some lasting effects on the club.
According to finance expert Kieran Maguire, clubs received a further £2.8m per place they finished in Premier League prize money.
Finishing the 2023/24 season on 40 points, Everton could have finished three places higher on 48 points, ahead of Bournemouth.
With an extra £2.8m received per place, Everton lost out on £8.4m in Premier League prize money.
On top of that, Moyes has said PSR really limited Everton in the recent January transfer market.
Everton were only able to bring in Carlos Alcaraz on an initial loan with the option to make his stay permanent in the summer.
- READ MORE: Sensational return on the cards as former Everton manager shares dream of succeeding David Moyes
Points deductions really hurt Everton’s finances
Speaking to Everton News on the matter, TBR Football’s finance correspondent Adam Williams shared the damage done by the points deductions last season.
“When you consider legal fees, lost prize money and the fractured relationship with the Premier League, the PSR saga has been very costly for Everton,” he said.
“With a new PSR system set to be introduced next season, they will feel aggrieved that they were the club hit hardest in the almost 15 years that the rules have been in place.
“For a long time, it seemed as though PSR was a bit of a toothless tiger. It was only when the threat of the government-backed independent regulator emerged that they really decided to get their house in order and begin properly enforcing their rules.
“That said, Everton were a basket case in the later years under Moshiri and weren’t helped by the exit of Usmanov and his commercial funds.”
Receive a digest of our best Everton content each week direct to your mailbox
