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Could be a warning sign for Manchester City and Chelsea who might face similar issues in the near future.
Everton receive immediate 10-point Premier League deduction
Everton have received a 10-point deduction, which will be applied immediately, after being found to have breached the Premier League's profit and sustainability rules.
The punishment is the biggest sporting sanction in the competition's history and leaves Everton 19th in the table.
The club said it was "both shocked and disappointed" by the "wholly disproportionate and unjust" ruling.
Everton have said they intend to appeal against the decision.
No, a date has been set for their hearing but it remains secretive as to the specific date and time. There's essentially a media blackout on the whole process.
Some claim the hearing will be held around Spring our time (Sept-Nov), but that's speculative at best.
Apparently whatever the outcome (guilty or not), the Premier League will just announce the findings one day out of nowhere.
Everton deducted 2 points after a second breach of the profit and sustainability rules.
They're appealing the decision.
Everton deducted two points for second breach of Premier League financial rules
Everton have been deducted two points for a second breach of Premier League financial rules.
Profit and sustainability rules (PSR) permit clubs to lose Β£105m over three years and an independent commission found Everton breached that by Β£16.6m for the three-year period to 2022-23.
They drop one place to 16th and are now two points above the relegation zone.
The Toffees had a 10-point deduction reduced to six on appeal in February for the three-year period to 2021-22.
Everton say the club will appeal against the decision.