Premier League leaders have punished Everton by deducting ten points after the Goodison Park club broke rules on profitability and financial sustainability.
Sean Dyche’s side are currently 14th in the Premier League, having picked up 14 points from 12 games. They have won two of their last three games.
However, Everton’s ban is the biggest sporting sanction in the history of the competition, which will see the Goodison Park club drop to 19th in the table.
“An independent commission has imposed an immediate 10-point deduction on Everton FC for a breach of the Premier League’s Profitability and Sustainability Rules (PSRs),” the Premier League said in a statement.
In a club statement, Everton said they were ‘shocked and disappointed’ by the decision.
They believe that “the Commission has imposed a completely disproportionate and unfair sporting sanction” and have confirmed their intention to appeal the decision.
The statement added: “Everton maintains that it has been open and transparent in the information it has provided to the Premier League and that it has always maintained the integrity of the process.