Everton have submitted a formal appeal against an independent commission's decision to hand them a 10-point Premier League deduction.
The club were punished by an independent commission last month for breaching the league’s profitability and sustainability rules (PSR).
The club received the biggest sporting sanction in Premier League history after breaching financial rules.
Everton indicated their intention to fight a punishment they called “wholly disproportionate and unjust,” and they have now officially lodged their appeal.
Everton were referred to the commission in March for the alleged breach, which concerns the PSR calculation for the three-year reporting period ending with the 2021-22 season.
The Premier League argued that Everton had losses of £124.5million ($155.2m) over the period, exceeding the limit of £105m allowed under the PSRs.
Later, Everton accepted that they had breached PSRs, but only by £7.9m, and argued that they were mitigating circumstances for this, including the Covid-19 pandemic and their costly stadium build.
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