Everton have been handed a 10-point deduction after being found guilty of breaching the Premier League’s Financial Fair Play rules.

The club will receive the points deduction immediately, leaving them second from bottom in the Premier League table.

The punishment is the biggest in Premier League history and Everton have said they fully intend to appeal against the sanction.

“Everton Football Club is both shocked and disappointed by the ruling of the Premier League’s Commission,” said the club in a statement.

“The club believes that the Commission has imposed a wholly disproportionate and unjust sporting sanction.

“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 maintains that it has been open and transparent in the information it has provided to the Premier League and that it has always respected the integrity of the process.

“The club does not recognise the finding that it failed to act with the utmost good faith and it does not understand this to have been an allegation made by the Premier League during the course of proceedings.

“Both the harshness and severity of the sanction imposed by the Commission are neither a fair nor a reasonable reflection of the evidence submitted.

“The club will also monitor with great interest the decisions made in any other cases concerning the Premier League’s Profit and Sustainability Rules.

“Everton cannot comment on this matter any further until the appeal process has concluded.”

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