Everton have received an immediate 10-point deduction after being found to have breached the Premier League's profit and sustainability rules.

The punishment is the biggest sporting sanction in the competition's history and leaves Everton 19th in the table on a new total of four points.

The club said it was "both shocked and disappointed" by the "wholly disproportionate and unjust" ruling.

Everton have said they intend to appeal against the decision.