Everton Receive Immediate 10-Point Deduction

Premier League side Everton received, Friday, an immediate 10-point deduction after breaching the Premier League's financial rules.

English top clubs are permitted to lose £105 million in three years.

The independent concerned commission found that Everton's losses during 2021-22 were above £124.5 million.

The latest punishment is considered the biggest sporting sanction in the competition's history.

After the deduction of the 10 points, Everton will now fall to be the 19th in the table.

On the other hand, Everton said they were "both shocked and disappointed" and will appeal.

In an official statement, Everton said: "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."