Breaking Everton deducted 10 points for breaching Premier League financial rules

Everton have been deducted 10 points by an independent commission after being found to have breached Premier League financial rules.

The league referred Everton to the commission in March for an alleged breach of its profitability and sustainability rules in the period ending in the 2021-22 season.

The rules allow clubs to lose a maximum £105million over a three-year period or face sanctions.

Everton issued a statement confirming their intention to appeal against the sanction.

The Premier League said in a statement published on its website: "During the proceedings, the club admitted it was in breach of the PSRs for the period ending Season 2021/22 but the extent of the breach remained in dispute.

"Following a five-day hearing last month, the Commission determined that 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.

"The Commission concluded that a sporting sanction in the form of a 10-point deduction should be imposed. That sanction has immediate effect."

The deduction will leave Everton second from bottom on goal difference, tied on four points with bottom club Burnley, just five points from safety.

Everton said they were "shocked and disappointed" by the sanction imposed by the commission.

"The club believes that the Commission has imposed a wholly disproportionate and unjust sporting sanction," the Toffees statement read.

"The club has already communicated its intention to appeal the decision to the Premier League. The appeal process will now commence and the club's case will be heard by an Appeal Board appointed pursuant to the Premier League’s rules in due course.

"Everton