Everton have been deducted 10 points by an independent commission after being found to have breached Premier League financial rules. The league referred Everton to the commission in March for an alleged breach of its profitability and sustainability rules in the period ending in the 2021-22 season. The rules allow clubs to lose a maximum £105million over a three-year period or face sanctions. Everton issued a statement confirming their intention to appeal against the sanction. The Premier League said in a statement published on its official website: “During the proceedings, the club admitted it was in breach of the PSRs for the period ending Season 2021/22 but the extent of the breach remained in dispute. “Following a five-day hearing last month, the Commission determined that Everton FC’s PSR Calculation for the relevant period resulted in a loss of £124.5million, as contended by the Premier League, which exceeded the threshold of £105million permitted under the PSRs. “The Commission concluded that a sporting sanction in the form of a 10-point deduction should be imposed. That sanction has immediate effect.” Everton said they were “shocked and disappointed” by the sanction imposed by the commission. “The club believes that the Commission has imposed a wholly disproportionate and unjust sporting sanction,” the Toffees statement read. “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.” Read More Exeter captain Poppy Leitch hoping for more progress during inaugural PWR season Street Child Cricket World Cup gives youngsters chance to shine Wales v Armenia: Key talking points as Rob Page’s side face crunch qualifier Athletics’ move from Oakland to Las Vegas approved by MLB owners On This Day in 2013: David Haye has to rethink his plans Cincinnati Bengals lose Joe Burrow as they go down to Baltimore Ravens

UK inflation stayed stuck at 8.7% in May as prices for recreation and cultural activities rose at a faster pace than the previous month.

By Jessie Pang and James Pomfret HONG KONG Hong Kong's leader said on Tuesday public libraries needed to

Archie Madekwe was under huge pressure to get the simulated driving scenes right in 'Gran Turismo'.

Robert F. Kennedy Jr., a Democratic candidate for the presidency, went on the Jordan B. Peterson podcast on June 5 and told a wild and false story about me from 2005 that I want to tell you about.

It’s been painful for Marseille fans to watch bitter rival Paris Saint-Germain collect league titles over the last decade to become the most successful club in domestic French soccer

Video reviews in soccer were meant to take no more than six seconds

Decades-high inflation and the impact of war in Ukraine have forced companies across Europe into lay-offs or hiring

Cubs Rumors: Dansby Swanson says relaxThe Cubs lost their first two games against the struggling St. Louis Cardinals in Willson Contreras's return to Wrigley Field. Contreras and the Cards entered that series with a drama-filled weekend, which includes the former All-Star catcher switching po...

There’s political blood in the water after a series of blows to New York City Mayor Eric Adams,

Tesla Inc. has a long history of promoting talent from within. Outside hires don’t last for very long

Prosecutors who filed firearms charges against Hunter Biden moved Wednesday to formally dismiss a gun count that had been part of a collapsed plea deal