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.
More to follow.
