By Sean Fisher

26th Oct, 2023 | 1:31pm

Sources: Big update today on Everton and potential 12-point deduction as hearing continues

Everton are confident of avoiding the 12-point deduction suggested by the Premier League, Football Insider has been told.

The Toffees began their disciplinary hearing with the Premier League at the start of the week addressing allegations that they breached spending rules.

The hearing is set to be concluded in the coming days.

The specific charge being investigated has not been revealed, but Sky Sports report that it is linked to a tax matter concerning loans for Everton’s new Bramley Moore Dock stadium.

As reported by The Telegraph, the Premier League have recommended a 12-point deduction for Everton if they are found guilty of the breaches.

It would be a record-breaking punishment for a top-flight side and would leave Sean Dyche’s side with negative points in this season’s standings.

However, sources have told Football Insider that Everton are growing in confidence that they will avoid a major points deduction.

The Toffees have repeatedly insisted that they have followed all profit and sustainability rules despite posting huge losses in recent seasons.

They reported losses of £371.8m in the past three years and have posted annual losses for five consecutive years.

If Everton are found to be guilty, they could also face a huge legal battle with Leicester City, Leeds United and Burnley on top of any other punishment.

As revealed by Football Insider, the three clubs are prepared to sue Everton for £300million if found guilty.

The three clubs are seeking compensation from Everton following their relegation from the Premier League to the Championship.

In other news, Kieran Maguire shreds 777 Partners after £30m Everton source’s reveal