Breaking News: Everton head coach Sean Dyche has announced his intention to resign from his position this season following a call to return to Burnley with…………

Profit and sustainability rules (PSR) permit clubs to lose £105m over three years and an independent commission found Everton breached that by £16.6m for the three-year period to 2022-23.

Everton also had a 10-point deduction reduced to six on appeal in February.

“We’ve been through it once and we’ll go through it again,” said Dyche.

The two-point deduction meant Everton dropped one place to 16th in the table and are now two points above the relegation zone.

The club are appealing the latest deduction, but Dyche, whose side visit Chelsea on Monday, added: “Last time we got a knock, everyone pulled together for the club and that’s what we’ve got to remind ourselves.

“What’s done is done. We’ve got to stay in line, stay connected and we’ve taken a few knocks, but we’ve got to pull together.

“The restart is Chelsea. A positive reaction to the news is important. The time for fault and blame has gone, we’re past that.”

Meanwhile, prospective new Everton owners 777 Partners have asked for more time to pay off a loan the Premier League has said is one of the obstacles to completion of their takeover of the Premier League club, reports BBC chief football news reporter Simon Stone.

A £158m loan to MSP Sports Capital and two local businessmen is due to be repaid next Monday.

While meeting the obligation has not been completely ruled out, the fact 777 have asked for more time, potentially to the end of May, is a signal it may not be.

Sources have suggested to BBC Sport the length of time it is taking the Premier League to rule on 777’s bid to buy the club from Farhad Moshiri is one of the reasons for the problem – as money that might have gone to MSP has been used for ongoing costs.

It is not entirely clear whether MSP will agree to the extension, although, if they didn’t, it would put Everton’s short-term future in peril.

It is estimated they need a further injection of around £60m to meet running costs for the rest of the campaign. That shortfall will be met by 777 if their attempt to buy Everton is still live. The American company has already pumped £160m into the club, although they did so in the belief their takeover would have been done by this point.

Their agreement to buy the club was announced in September. In contrast, Sir Jim Ratcliffe’s part-purchase of Manchester United has been passed even though it was only announced on 24 December.