Everton's points deduction comes as a result of the Premier League's Profit and Sustainability Rules, as opposed to being down to Financial Fair Play (which is a UEFA initiative). Effectively, the club has been punished for the financial losses they made over a three-year period. Under Premier League regulations, clubs can only lose a maximum of £105m over three years, and as Everton lost £19.5m more than this, the repercussions have been serious.