Everton submit a formal appeal against the decision to dock them 10 Premier League points over financial rule breaches.
The Toffees were handed the punishment – the biggest in Premier League history – by an independent commission.
The club have lodged their appeal with the Premier League’s judicial panel, and an appeal board will now be appointed to hear the case.
The club admitted the breach but said they were “shocked and disappointed” at the severity of the punishment.
The appeal will be heard and concluded before the end of this season.
“Everton Football Club has today lodged with the chair of the Premier League’s judicial panel its appeal of the decision by a Premier League commission to impose a 10-point deduction on the club,” Everton said.
The club have not been told how the figure of 10 points was reached by the independent commission which decided the sanction, and feel a sporting penalty for a breach of accounting is unjust.
The appeal will go before a panel which will review the ruling of the commission, assessing the process and whether, in its opinion, the penalty issued was fair or not.
The points deduction dropped Everton from 14th in the Premier League table to 19th.