Everton have been docked 10 points for breaching the Premier League’s spending rules in an unprecedented punishment for a top-flight club.
An independent commission set up to examine the club’s losses during the era of Farhad Moshiri has found the club guilty.
It means Sean Dyche’s side drop into the bottom three of the Premier League with immediate effect, second from bottom.
Everton are reeling after the decision and have vowed to appeal to the Premier League board.
Club officials are shocked and bewildered that their mitigation was rejected.
The Premier League recommended in October that Everton face a maximum 12-point deduction for breaching profit and sustainability rules, as reported by Telegraph Sport.
The top flight recommended the punishment to be extremely severe.
Everton’s case was heard by the independent commission after they recorded financial losses of £304 million over a three-year period, which is well over the permitted amount of £105 million set out by the Premier League.
More to follow…
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