Everton hope of surviving relegation have received a big setback after the Premier League deducted two points for breaching financial rules, the second time the club has faced points deduction this season.

Premier League regulations stipulate that a club can lose no more than £105 million ($132.54m) over three years.

“Over a three-day hearing last month, the independent Commission heard evidence and arguments from the club in respect of a range of potential mitigating factors for its admitted breach of £16.6 million, including the impact of its two successive PSR charges,” the Premier League said in a statement.

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“Having done so, the Commission determined the appropriate sanction to be a two-point deduction, taking effect immediately.”

The points deduction means Everton have dropped one place in the Premier League table to 16th, two points

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