The Premier League has imposed a 10-point deduction on Everton.
The Goodison Park club has been investigated for a breach of profit and sustainability rules.
Everton insisted they are “shocked and disappointed” by the ruling and have vowed to appeal.
‘Both the harshness and severity of the sanction imposed by the Commission are neither a fair nor a reasonable reflection of the evidence submitted,’ said the club.
The deduction, which will be imposed with immediate effect, is the largest in the history of the Premier League and plunges Sean Dyche’s team into the relegation zone.
According to the Premier League, Everton admitted during a five-day hearing it was in breach of the league’s Profitability and Sustainability Rules with the Commission ‘determining Everton FC’s PSR Calculation for the relevant period resulted in a loss of £124.5million, as contended by the Premier League, which exceeded the threshold of £105million permitted under the PSRs.’
