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.
Pelayo Sanchez Has Won Today's Sixth Stage Of The Giro D'Italia
He pipped Julian Alaphilippe to the line following a three-man breakaway
Number Of Games Down For Decision In Tonight's Cleaning Legends Senior Hurling Leagues
All games throw in at 8pm
McIlroy, Lowry And Power All In The Field For The Wells Fargo Championship
The tournament starts today in North Carolina
The Champions League Final Will Be Between Real Madrid and Borussia Dortmund
Real have won the competition 14 times, far more than any European club
A Six Nations Women's Summer Series Has Been Confirmed
Each participating squad will be made up of predominantly under-20 players, with each country set to play three matches
Borussia Dortmund To Play In The Champions League Final In Wembley In June
It will be Dortmund's first appearance in the European club final showpiece in 11 years
Kildare Footballs Suffer Defeat To Dublin In Yeserday's Leinster Semi Final
This morning's Kildare Today programme will review the game from 10.50am
St Patrick's Athletic On The Lookout For New Manager After Sacking Jon Daly
The Dubliner leaves the club after a year in charge
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