The famous Premier League team suddenly receives a 10-point penalty for violating the rules of the championship

English side Everton have today been hit with a heavy penalty of an immediate 10-point deduction by Premier League authorities for breaching 'profits and sustainability' rules.

This is the heaviest penalty ever handed out in English football and sends the historic Liverpool city side to 19th place (3rd from bottom) with just four points.

The club said today it was "shocked and disappointed" by the unfair and disproportionate decision.

Everton added that they will immediately appeal against the decision.

The Premier League authorities had referred the Everton team to an independent commission of inquiry several months ago but did not reveal the exact nature of the alleged offences.

Everton officials have declared a loss for the fifth consecutive year, as for the 2021-22 season they said the deficit amounted to 44.7 million pounds.

Premier League clubs are allowed to make losses of up to £105m over three years and Everton look set to breach this threshold in the 2021-22 season.

Everton's statement said: "The severity and extent of the punishment is neither fair nor a reflection of the evidence for the offences, we will follow the decisions of the officials for similar situations with other Premier League clubs."

94% of the club's shares are owned by American financiers of the 777 Partners group.

Everton is also building its new stadium on the banks of the River Mersey in Liverpool, which is expected to be ready by the end of 2024.

Happening now...

00:03 crossword

Free scheme December 19

22:35 KOSOVA

Kosovo, police operation against corruption, Svecla: Several senior public officials have been arrested, including a former minister

22:34 POLITICS

Rama tells his version of the "May 17" meeting with Basha: He got everything he asked for with Berisha's blessing

22:14 POLITICS

Redi Muçi: We will not join forces with the Democratic Party, Lapaj and Shehaj

22:13 POLITICS

Rama on Berisha: He embodies negative radiation, the ultra-fanatic communist turned into...

21:59 POLITICS

Rama speaks to "The Observer": Albania can help the EU survive, if it sits us at the table

21:55 POLITICS

Nikoll Lesi's strong statement: The opposition is preparing a violent protest on Monday

21:53 POLITICS

Rama "returns" 35 years later: I had no desire to get involved in politics

21:45 POLITICS

Klodiana Lala shpjegon pse SPAK e do patjetër Ballukun të arrestuar

21:30 BOTA

"The reaction will be devastating", Rutte: Ukraine will be the first line of defense

Nga Blendi Kajsiu 21:24 ideas

"Preliminary sentence for Belinda Balluku", response to Baton Haxhiu

Nga Blendi Kajsiu

21:19 POLITICS

Petro Koçi: Rama's criticism of SPAK could have been avoided!

21:14 POLITICS

"There is talk that Belinda Balluku has fled", Belind Këlliçi: From the information we have, it appears that the Deputy Prime Minister is not within the country

21:13 POLITICS

Belinda Balluku's positions in relation to justice are becoming more serious! In addition to tenders, under investigation for a concession. SPAK: Risks destroying evidence

Want to read more news