Everton’s 10-point Premier League penalty reduced to six points after appeal as Man City watch on

Everton's 10-point deduction has been reduced to six following an appeal, the Premier League has announced. It is a move which will have Man City officials and supporters watching with interest given the club's own charges.

Everton were initially docked 10 points after being found to have breached the Premier League's financial rules. As a result of the appeal, Sean Dyche's side move up to 15th, five points clear of the relegation zone.

An independent commission found they had exceeded permitted losses under the league's PSR by £19.5m over an assessment period ending with the 2021-22 season. The Goodison Park club appealed the sanction on nine grounds, each of which related to the sanction rather than the fact of the breach, which they admitted.

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Reacting to the decision, the club said in a statement: "While the Club is still digesting the Appeal Board’s decision, we are satisfied our appeal has resulted in a reduction in the points sanction.

"We understand the Appeal Board considered the 10-point deduction originally imposed to be inappropriate when assessed against the available benchmarks of which the Club made the Commission aware, including the position under the relevant EFL regulations, and the 9-point deduction that is imposed under the Premier League’s own rules in the event of insolvency.

"The Club is also particularly pleased with the Appeal Board’s decision to overturn the original Commission’s finding that the Club failed to act in utmost good faith. That decision, along with reducing the points deduction, was an