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Premier League is thrown into crisis: Everton are hit with 10-point deduction for breaking finance rules and face £300million lawsuit from rival clubs plus relegation for the first time in 73 years - as Man City and Chelsea fear they could be next

English football has been rocked today after Everton was deducted 10 points by the Premier League as legal experts predicted Manchester City and Chelsea could be relegated if they are also found guilty of flouting financial rules.

The Merseyside club has been plunged into the relegation zone for breaching profitability and sustainability regulations after making a loss of £372million over three-years - £122million more than the £250million permitted.

The Toffees were 14th in the Premier League last night but are now 19th - only above bottom club Burnley on goal difference.