Latest Premier League relegation odds after Everton points deduction appeal

Everton's punishment for breaching Premier League Financial Fair Play rules has been reduced from 10 points to six after a successful appeal process.

The club were docked 10 points in November for breaching profit and sustainability rules (PSR) in the three-year period to 2021/22. The punishment was the biggest sporting sanction ever handed out in Premier League history, seeing Sean Dyche's men drop from 14th to 19th in the table.

Now, the reduction lifts the Blues from 17th to 15th, leaving them five points above the relegation zone with 12 games remaining. The decision to reduce the punishment strengthens Everton's fight against relegation, though the second case against the club is due to be heard in the coming months.

Everton points deduction: Club statement released as officials make 'important point of principle'

Everton points deduction LIVE - Premier League verdict, appeal and reaction

In a statement released on Monday afternoon, the club said they felt 'vindicated' in their decision to pursue an appeal and are said to be pleased by the overturn. And with the verdict in mind, the ECHO has taken a look at the latest relegation odds following the news.

As of 2:20pm on Monday, Everton are the fifth favourite to be relegated to the Sky Bet Championship. According to bet365, Sheffield United (1/33), Burnley (1/14) and Luton (4/7) are the three backed to be relegated at the end of the season.

Nottingham Forest, who are also facing possible punishment for breaching PSR, are tipped at slightly bigger odds at 7/4, while Everton are now 7/1 to go down.