I believe they accepted some but not all of the commisions findings and they intend to appeal.

The finding has also opened the gates to legal action from other clubs ;

Leeds, Leicester, Burnley and Southampton, who were relegated in recent seasons while Everton stayed up, have threatened previously to take legal action and a ruling from David Phillips KC in May agreed the clubs could apply for compensation through the Premier League if Everton were found to have breached financial rules.

Old, Ungifted and White

Sadly , i feel the Toffees will survive to play again in the Prem. 10 points will not be enough to relegate them.

but maybe , it will get them in the next transfer window. Who would want to sign for that sh1.tshow ?

Eze Peasy at Anfield....

It just gets worse and worse for Everton:

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I think the Premier League are in a very precarious position.

Relegate City and Chelsea who have more power than them and they'll probably accelerate the sh!t show of a Super League.

Its absolutely a precarious position - Given the size & the amount of charges against City & the time frame that they are spread over assuming that even half of them become proven & punishable the fallout could be huge -
Fine & points deduction are one thing, but the money is virtually meaningless to City & if they were deducted points, maybe even relegated, in a season or 2 they would be back in the PL if that's what they wanted - where the enquiry needs to have teeth is to take away the titles & trophies that were won in that period, re write history to reflect the reality of the situation -

Personally I think legal team against legal team it will be drawn out so long that eventually both sides will agree that as rewriting history isnt going to happen, it serves no real purpose to continue to the final conclusion & everyone will agree that whats gone before needs to be drawn a line under ( points & fine penalty will come) & a new legislation will be provided to serve future financial fair play -

Good. Let them go and play pointless friendlies against each other in Saudi Arabia shown on some new pay per view channel and ban the clubs from European competitions and the players from internationals.
They'll have their billions to keep them warm and the wider game will survive with the Premier Leagues & domestic cups being more competitive.