Everton projected themselves to finish 6th in 2021-22 season but ended up 16th

Everton projected a sixth-place finish for themselves in the 2021-2022 season before going on to finish sixteenth - causing them to miss out on an expected income of £21million, according to a report.

The fallout of Everton's 10-point deduction is continuing after the Toffees were found guilty of breaching the Premier League's financial rules back in the same campaign -having posted staggering losses of almost £372m over a three-year period.

That figure was more than £250m over what the Premier League’s guidelines permits clubs to lose over the three-year time frame and now the origin of their struggles from the fateful season has been unearthed.

The independent commission investigating Everton published their findings and ultimate decision on Friday - and in the document they detailed how the club missed the mark with projections for their on-the-field performance in 2021-22.

The club had just hired former Liverpool and Chelsea boss Rafael Benitez at the beginning of the campaign and made a raft of signings - but mainly utilising free transfers and bargain deals.

A total of five players arrived - Andros Townsend, Asmir Begovic, Demarai Gray, Andy Lonergan and Salomon Rondon - with Dele Alli, Vitaliy Mykolenko, Nathan Patterson, Anwar El Ghazi and Donny Van de Beek later arriving in the winter window.

But Everton suffered a disastrous campaign that saw Benitez - already a wildly unpopular appointment - sacked midway through before Frank Lampard arrived to steady the ship.

The Merseyside outfit struggled to stay afloat and ended up finishing 16th after being forced to wait until the penultimate day to secure their top flight status.

It turned out to be a far cry from the successful campaign the club projected as they missed out