The club are to appeal the decision
Everton have been deducted a further two points for a second breach of Premier League financial rules.
It means they've been docked eight points in total this season.
The Merseysiders have dropped to 16th in the table - just two points above the relegation zone.
Everton will appeal the decision made by an independent panel.

A Huge Weekend For 3 Kildare Clubs In Leinster Semi Final Action
Friday Afternoon Sports Update
Friday's Sports Update
Lorraine Woulfe Will Be Elected As New County Secretary
Thursday Morning Sports Update
Ireland's James Ryan Handed Three-Match Ban Following Red Card
Kildare County Council Honours Kildare Senior Football Team with Certificate of Recognition
Wednesday Morning Sports Update