Everton have had their penalty for breaching Premier League financial rules reduced to six points following an appeal.
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The Toffees were hit with a 10-point deduction last November after an independent commission found they had exceeded permitted losses under the league's profitability and sustainability rules (PSR) by Stg19.5m ($A38m) over an assessment period ending with the 2021-22 season.
An independent appeal board has now cut that by four points, which moves the club on to 25 points in the table and up to 15th place.
The club face a second PSR complaint for breaching rules over the assessment period running to the end of last season, 2022-23.
The complaint was laid on January 15 and the commission hearing must conclude within 12 weeks, which would be April 8.
The whole process, including the outcome of any appeal, must be concluded on or before June 1. The league season ends on May 19.
Nottingham Forest have also been charged with PSR offences for 2022-23.
The appeal board's summary said Everton relied on nine grounds of appeal, seven relateing to how the original commission dealt with various mitigating and aggravating factors.
Those seven were dismissed but the appeal board did conclude on two grounds the original commission made legal errors.
The appeal board found while what Everton told the Premier League about debt linked to their new stadium was wrong it was an innocent mistake, not that they had failed to act in utmost good faith.
It also found the commission shoud have taken into account benchmarks for sanction, such as EFL guidelines.
Everton released a statement immediately after the Premier League had confirmed the revised sanction, which read: "While the club is still digesting the appeal board's decision, we are satisfied our appeal has resulted in a reduction in the points sanction.
Australian Associated Press
