They were initially going to be deducted 5 points
Everton successfully argued:
1. They had already been penalised for overlapping years and double punishment was unfair.
2. The loss of sponsorship revenue from USM Services Limited.
3. The fact the club admitted its PSR breach at the first opportunity.
1. & 2. resulted in two points deducted from the five, with a further point taken off for 3.