The Toffees, who have narrowly escaped relegation in the past two seasons, are under scrutiny for allegedly breaching the Premier League’s financial regulations.
This punishment aims to set a precedent in English football, underlining the importance of upholding FFP principles.
Such a punishment would have condemned them to relegation in each of the previous two seasons.
The deduction would also mark a new Premier League record, surpassing the previous record of nine points deducted from Portsmouth due to administration woes in 2010.
Middlesbrough received a three-point punishment in 1997 for a game postponement caused by a lack of players, both of which ultimately culminated in relegation.
Even without the impending guillotine of a 12-point deduction, Everton are already prime candidates for relegation.
Currently occupying the 16th spot in the Premier League table, they hover just three points above the drop zone.
Everton’s case will be judged by an independent commission rather than the Premier League to maintain the impartiality of the process.
The club reported financial losses amounting to £371.8 million – £266.8m over their budget.
The outcome will undoubtedly reshape the club’s future, with their takeover deal with 777 Partners hanging in the balance.
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