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EVERTON could face a THIRD points deduction – after “escaping” with a loss of just two points for their admitted breach of Prem Profitability and Sustainability Rules.

But there is no possibility of a hearing into the alleged extra £6.5m loss before next season.

And Everton announced the club WILL appeal against the latest verdict as every single point could prove the difference between survival and relegation.

The punishment drops Everton down one place from 15th to 16th and now just two points above Luton, who fill the final relegation slot.

Without their deductions, the Toffees would be 12 points clear of trouble in 14th.

A three man independent commission ruled that the Goodison club’s latest breach – with “permitted” losses of £121.6m over three seasons – was worth a five point deduction.

However, that was reduced by three points after Prem lawyers accepted Everton’s “double jeopardy” argument – the six points already deducted included a calculation over two of the three years involved in the latest charge.

The Commission gave Everton two points back for that, plus a further point for their “early” guilty plea.

However, the Commission revealed that Prem legal chiefs want to pin a further £6.5m of losses on Everton, representing the difference between the club’s initial accounts and the final figure for the three years.

That was after an attempt to amend the charge to add extra losses of almost £17m – relating to share capitalisation by the club – was rejected by the Commission.

The three-man panel, though, led by James Drake KC, will allow the Prem to argue that £6.5m in “interest payments” which Everton insist were “directly attributable to the club’s new stadium” should be the subject of further sanction – although that will not be until next season.

Over the three day hearing last month, Everton admitted they had allowable losses of £62.7m in 2022-23, taking their three-season loss to £121.6m – £16.6m above the permitted maximum of £105m.

Everton’s “silk”, James Segan KC, argued that, despite the clear breach, “all roads lead to no further sanction”.

The main thrusts of his argument were the “double jeopardy” principle and that Everton had already been deducted six points for their £19.5m 2022 breach, while Nottingham Forest only had four points stripped for a £34.5m breach – a figure greater than Everton’s two-year total amount of overspend.

That was rejected by the Commission, which ruled that the starting point for sentence was three points for the breach plus an extra two for the amount.

Prem silk Adam Lewis KC accepted the argument of mitigation for the two season overlap although he opposed the extra point back – referring to the fact that Everton actually forwarded their accounts for last season two weeks AFTER the December 31 deadline.

Despite that, the commission ruled that Everton did deserve extra credit, although it dismissed Segan’s plea for the point sanction to be suspended until next season.

In a statement, Everton confirmed the club “have begin the preparations to appeal” the decision.

The Goodison outfit added: “Everton is extremely concerned by the inconsistency of different commissions in terms of points deductions applied.”

Under Prem rules, the outcome of any appeal will be announced by May 24, five days after the end of the season, although it is expected the ruling would come by mid-May -Sun.