Everton have been docked 10 points after being found guilty of breaching Premier League financial rules, plunging one of England’s most storied football clubs into the relegation zone.
The punishment, the biggest sporting sanction in the history of the competition, leaves Sean Dyche’s side 19th in the table on a total of just four points after 12 matches — five points from safety.
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Everton said they were “shocked and disappointed by the ruling”, announcing their intention to appeal.
The Premier League referred the club, who have posted losses for five consecutive years, to an independent commission in March for an alleged breach of its profitability and sustainability rules (PSRs).
Clubs are allowed to lose a maximum £105 million ($130 million) over a three-year period or face…