Everton have had their penalty for breaching Premier League financial rules reduced to six points. The Toffees were hit with a 10-point deduction last November after being found to have breached the league's profitability and sustainability rules. An independent appeal board concluded that the initial ruling made legal errors on two grounds. The cut in the deduction from 10 to six points lifts the club from 17th to 15th place. Report by Jonesia. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn