Sean Dyche says Everton feel "aggrieved" at their "disproportionate" 10-point deduction for breaching financial rules.
The Toffees were given the biggest sanction in Premier League history last week, dropping them from 14th to 19th, joint-bottom alongside Burnley.
The club has said it intends to appeal.
"Like everyone in these parts, I was shocked. [From] the wave of noise it seems like everyone in football was shocked,"said Dyche.
"The enormity of it. Disproportionate is a word being used and obviously we are going to be feel aggrieved by that."
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Despite the punishment, Dyche says his job "hasn't changed" and his players are prepared "for the next challenge".