Everton gets biggest sporting sanction in EPL history of 10 points for breaching financial rules

Seamus Coleman (right) leads Everton players on to the field during a past match.[Everton]

Everton was handed the biggest sporting sanction in the Premier League's 31-year history on Friday for breaching the competition's financial rules, with the deduction of 10 points dropping the team into next-to-last place in the standings.

The northwest club reported three-year losses totaling nearly 372 million pounds ($454 million) last season. The league's profit and financial sustainability rules allow clubs to lose a maximum of 105 million pounds ($128 million) over a three-year period or face sanctions.