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Everton’s points deduction cut to six on appeal – ARN News Centre

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Everton have had their points deduction for breaching Premier League financial rules reduced to six points from 10 after an appeal, the club said on Monday, though they could yet face another punishment for a separate overspend.

Everton were docked points with immediate effect in November after being found to have breached the league’s rules relating to spending and losses, partly blamed on the rising cost of financing their new ground that is under construction.

“An independent Appeal Board has concluded that the sanction for Everton’s breach of the Premier League’s Profitability and Sustainability Rules (PSRs), for the period ending Season 2021/22, will be an immediate six-point deduction,” the Premier League said in a statement.

The original deduction meant Everton dropped from 14th in the standings into the relegation zone with four points. The club filed an appeal against the initial deduction, which they labelled “wholly disproportionate and unjust”.

“Everton can confirm an Appeal Board has concluded that the points deduction be reduced from 10 points to six points, with immediate effect,” a club statement said.

The record sanction was appealed on nine grounds, each of which related to the sanction, rather then the breaches and two of those nine grounds were upheld by the Appeal Board.

Everton admitted to a breach of PSR for the period ending with the 2021-22 season, with their total losses for that period amounting to 124.5 million pounds according to an independent commission.

According to the Premier League’s regulations, clubs are permitted to lose a maximum of 105 million pounds ($133.33 million) over a three-year period.

The three-person appeal board concluded that the independent commission which imposed the 10-point ban made legal errors on two of them.

It was ruled wrong to punish the club for being “less than frank” over what it told the Premier League about its new stadium debt and also wrong “not to take into account available benchmarks” saying that a six-point sanction was broadly in line with English Football League guidelines.

In dismissing the other grounds for appeal, the panel said that the club’s reduction in transfer spending towards the end of the four-year period under investigation showed only “limited evidence of a more sensible approach.”

Everton recorded four straight wins after their deduction to climb up to 16th, but have been dragged back into the relegation battle following a run of nine league games without a victory. The reduction means they move up to 15th on 25 points, five above the relegation zone.

Football League founder members Everton, who have spent more years in the top flight than any other club, were charged again by the Premier League in January for a separate PSR breach, along with Nottingham Forest.

Both clubs were referred to the chair of the Judicial Panel, the Premier League said, who will appoint an independent commission to determine the appropriate sanction, which may include a further deduction for the Sean Dyche-managed club before the end of the season.

A second points penalty would increase risk of a first relegation since 1951 and add to the uncertainty over the future of the club, who are currently in the midst of protracted takeover talks with U.S. investment fund 777 Partners and also hoping to move to their new stadium ahead of the 2025-26 season.

Last year, Manchester City were referred to an independent commission over more than 100 alleged breaches of finance rules since the club were acquired by the Abu Dhabi-based City Football Group in 2008.

No verdict has been reached in that case. Premier League CEO Richard Masters said last month that a date had been set for a hearing. City have denied any wrongdoing.

Clubs in England’s top flight have been docked points before.

Middlesbrough had three points deducted in 1997 when they failed to fulfil a fixture, while Portsmouth received a nine-point penalty in 2010 when the financially-troubled club entered administration.

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Top Women Chess Players Take Centre Stage in 2024 Global Chess League Draft

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The Global Chess League, a joint venture between FIDE and Tech Mahindra, is all set for the second season as 30 of the world’s best chess players were handpicked by six franchises during the Player Draft held on Sunday in New Delhi.

Following the huge success of the inaugural edition in Dubai last year, the second season is scheduled to take place from October 3rd to 12th at Friends House in London. All six teams – Alpine SG PipersGanges GrandmastersMumba Masters, PBG Alaskan Knights, defending champions Triveni Continental Kings, and the debutants American Gambits– engaged in a thrilling bidding process to assemble strong squads for the second season of the league.

With 1000 points allocated to use during the bidding process, each franchise filled their quota of two Superstar Men, two Superstar Women, and one Prodigy player, in addition to the Icons announced last month.

The stellar line-up of Icon players include Magnus Carlsen (Alpine SG Pipers), Viswanathan Anand (Ganges Grandmasters), Maxime Vachier-Lagrave (Mumba Masters) Ian Nepomniachtchi (Triveni Continental Kings), and debutants Hikaru Nakamura (American Gambits) and Anish Giri (PBG Alaskan Knights).

The proceedings began with Richard Rapport getting drafted into Alpine SG Pipers, who completed their quota of Superstar Men after retaining the services of Praggnanandhaa R. American Gambits then completed their Superstar Men slots by picking Vladislav Artemiev and Jan-Krzysztof Duda. Arjun Erigaisi and Parham Maghsoodloo were drafted to Ganges Grandmasters, while PBG Alaskan Knights acquired Shakhriyar Mamedyarov and retained Nodirbek Abdusattorov. Triveni Continental Kings picked up Wei Yi and Teimour Radjabov.

Arjun Erigaisi, who recently broke into top five in World Rankings, expressed, “The player draft was absolutely thrilling and I am happy to turn up for the Ganges Grandmasters. They have picked versatile players and I look forward to a fantastic event in London.”

The Superstar Women dominated the Player Draft as franchises used significant amount of points from their purse to acquire their services. Apart from retaining Yan Zhongyi, PBG Alaskan Knights picked up Alina Kashlinskaya. Vaishali R and Nurgyul Salimova were drafted by Ganges Grandmasters, while Alexandra Kosteniuk and Valentina Gunina were acquired by Triveni Continental Kings. American Gambits filled in their quota of Superstar Women with Bibisara Assaubayeva and Elisabeth Paehtz, while Grandmasters Koneru Humpy and Harika Dronavalli were retained by Mumba Masters.

Four-time Women’s World Champion Hou Yifan said, “Firstly, I am happy to be part of the Global Chess League Season 2. The opening season in Dubai created a lot of buzz in the chess world and this time, I am happy to be part of the Alpine SG in this edition.”

PBG Alaskan Knights picked up Nihal Sarin, while Mumba Masters used their remaining purse to acquire Raunak Sadhwani. Daniel Dardha went to Alpine SG Pipers, Volodar Murzin to Ganges Grandmasters, Javokhir Sindarov to defending champions Triveni Continental Kings and Jonas Buhl Bjerre to American Gambits. 

Expressing excitement on joining PBG Alaskan Knights, star prodigy Nihal Sarin, said, “For someone my age, coming up the ranks in this sport, I am super thrilled to be part of the Global Chess League Season 2. I am looking forward to learn from the stalwarts playing in this season and I am happy to be part of PBG Alaskan Knights this season.”

Upon the successful completion of the player draft for this second season, Sameer Pathak, CEO, Global Chess League, said, “We had an action-packed day at the players draft. All six franchises have put together strong and equal teams, and with the second season taking place in London, it is poised to be bigger and more exciting. Best wishes to all the players and franchises, we are eagerly anticipating a cracking extravaganza in October.

In the tournament, each team will play a total of 10 matches in a double round-robin format, with the winner of each match being decided in a best-of-six board scoring system.

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Praggnanandhaa, Nodirbeck, Arjun named among Superstar Men for Tech Mahindra Global Chess League Season 2

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The Global Chess League, a joint venture between  FIDE and Tech Mahindra, today announced its star-studded list of men players for the second season, scheduled to be held from 3rd to 12th October at Friends House in London.

Joining the ranks of Magnus Carlsen, Hikaru Nakamura, and Viswanathan Anand in the second season are returning Superstars, including World No. 4 Arjun Erigaisi, World No. 6 Nodirbek Abdusattorov, World No. 8 Praggnanandhaa R, and World No. 10 Wei Yi. Praggnanandhaa R, who stole the limelight in the prodigy round of the first season and was awarded Player of the Tournament for his exceptional performance, will compete in the Superstar men’s category.

Making the competition even more compelling, Vidit Gujrathi, Jan-Krzysztof Duda, Richárd Rapport, Shakhriyar Mamedyarov, Teimour Radjabov, Alexander Grischuk, Parham Maghsoodloo, and Vladislav Artemiev will also be a part of the 12-member list of Superstar men players for the second season.

Sameer Pathak, CEO of the Global Chess League, said, We are delighted to announce the list of Superstar men players for the upcoming season. These elite players are poised to deliver thrilling and unforgettable games for their teams in the league’s innovative format that incentivizes risk-taking. We are confident that these players will deliver a remarkable chess spectacle in London.”

The first-of-its-kind franchise-based league features a total of six teams consisting of six players – one Icon player, two Superstar male players, two Superstar female players, and one prodigy in each team. In the tournament, each team will play a total of 10 matches in a double round-robin format, with the winner of each match being decided in a best-of-six board scoring system.

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Top Women Stars Wenjun, Koneru, Vaishali to Shine in Global Chess League Season 2

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The Global Chess League, a joint venture between  FIDE and Tech Mahindra, today announced the list of women Superstars who will be competing in the second season scheduled from October 3rd to 12th at Friends House in London.

In the second season, the reigning FIDE World Champion, Ju Wenjun, will be making her debut. She will be joined by World No. 1, Hou Yifan, who is returning to the premier annual chess event, alongside Indian chess Superstars Koneru Humpy and Harika Dronavalli. The line-up also includes some of the biggest names in women’s chess, such as Kateryna Lagno, Gunina Valentina, Alexandra Kosteniuk, Tan Zhongyi, and Nurgyul Salimova.

In addition, the upcoming season of the Global Chess League will feature Vaishali Rambabu, the latest Indian woman to achieve Grandmaster rank, alongside her brother Praggnanandhaa. This makes them the first brother-sister duo to participate in the league. The roster of women Superstars also includes Alina Kashlinskaya, the 2019 European Women’s Individual Chess Champion, and Bibisara Assaubayeva, former World Blitz Champion.

World Chess Champion Ju Wenjun, said, “I followed the first season of the Global Chess League and it was very exciting to watch the unique format. The tremendous response from fans and the chess fraternity made it even more special. I am eagerly looking forward to the second season in London, where I can once again immerse myself in this wonderful experience.”

Making her debut in the second season, Grandmaster Vaishali R, added, “The world of chess has long sought a worldwide sports event that places male and female players on the same pedestal. The Global Chess League is bridging this gap and truly bringing chess as a visual spectacle to television screens across the world. I am delighted to be a part of the league this year and am looking forward to competing in front of fans in London.”

Sameer Pathak, CEO, Global Chess League, said, “The roster of women Superstars in the Global Chess League is truly exciting. These champion players will deliver intense and inspiring games for their teams. Our unique format, which brings together men, women, and prodigy players on the same teams, is a game-changer in professional sports. We are confident that the fans will be captivated by the intense matches in the second season.”

Adding to the excitement, the unique joint team format of the league will be aired on major OTT and broadcast platforms worldwide, heightening the anticipation among fans.

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