It sounds like Everton did some horrific accounting, I can't help thinking the people that fucked them over should be punished and not the club/fans. For what it's worth the EPL did a shit job of regulation as well.
Its a crazy situation, Man City have over 100 charges pending, Chelsea had their debt wiped out overnight, Man Utd and Spurs are almost a billion in the hock so they punish small clubs with sanctions that puts them further down the food chain.