Finally, finally....an in-depth look at what Everton's defence was and how ridiculous it became. It's an article on the Telegraph site, won't link as you need a subscription, and it shows that Everton had lots of assistance from the PL for a long period to ensure that they didn't fail. They ignored it. They then came up with increasingly bizarre explanations after admitting they had.
One of the most outlandish ones, it actually defies credulity, is that they should be allowed 10 mill off because they didn't sue a player who had been investigated for child sex offences. Although never charged or named he is no longer at the club but their case was that if they sued him it would affect his mental health. The panel decided they would never have received that money under any circumstances.