Following an investigation into a breach of profit and sustainability rules, the Premier League has deducted 10 points from Everton.
The Goodison Park club insist they are “shocked and disappointed” by the punishment and will appeal.
An official club statement read: “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 deduction is the largest in the history of the Premier League.
It takes immediate effect, plunging Sean Dyche’s team into the relegation zone.
