Everton docked two points for breaching Premier League financial rules
The penalty, which Everton say they will appeal, is related to a PSR breach for the season ending 2022/23 after the club was referred to an independent regulator in January.
It was found the Toffees had breached PSR by £16.6 million above the £105 million allowable within a three-year period.
Everton have now dropped down one position to 16th in the Premier League and just two points above the relegation zone.
"In January 2024, Everton were charged by the Premier League for breaching the permitted Profit and Sustainability thresholds for the assessment period ending 2022-23," an Everton statement read.
"The matter was referred to a Premier League Commission, which has today announced Everton will receive an immediate two-point deduction. While the Club's position has been that no further sanction was appropriate, the Club is pleased to see that the Commission has given credit to the majority of the issues raised by the Club, including the concept of double punishment, the significant mitigating circumstances facing the Club due to the war in Ukraine, and the high level of co-operation and early admission of the Club's breach."
The statement continued: "Everton remains committed to working collaboratively with the League on all matters relating to PSR but is extremely concerned by the inconsistency of different commissions in respect of points deductions applied.
"The Club would like to place on record its thanks to the Fan Advisory Board and other fan groups for their submissions during this process, and to all Evertonians for their ongoing patience and unstinting support.
"The Club and its legal representatives have begun the preparations to appeal the Commission's decision. No further comment will be made at this time."
The penalty is Everton's second of the campaign after they were hit with a 10-point deduction in November for exceeding the permitted losses by £19.5 million to 2021/22.
They were charged again in January alongside Nottingham Forest with Nuno Espirito Santo's team handed a four-point deduction, which has since been appealed.
