Man City European ban lifted
Manchester City's European ban has been lifted by CAS.
As a result, Everton's chances of qualifying for Europe next summer are effectively over with the Blues nine points behind seventh-placed Sheffield United with an inferior goal difference.
Anceloti press conference
Watch Carlo Ancelotti's press conference in full. He was not happy...
What the papers say
I'd understand if you wanted to forget yesterday's defeat ever happened.
But Chris Beesley has been flicking through today's back pages so you don't have to.
It doesn't make for pretty reading...
Adam Jones was on analysis duty for Everton's defeat to Wolves yesterday.
Any hopes of qualifying for Europe are over, while Carlo Ancelotti's selection dilemmas ensured it became clearer than ever what the Blues need to do in the transfer market this summer.
Well yesterday was pretty dismal.
Here's Phil Kirkbride's post-match verdict...
While we await Theo's arrival, here is a selection of the best Blues content on the Liverpool ECHO site right now.
Hello and welcome to the Everton live blog on this fine Monday morning.
Hope you all had a good weekend despite that disappointing Wolves result and thanks for joining us.
We'll be bringing you live updates throughout today on all the latest Everton news and transfer rumours so sit back and enjoy! disappointing
More on CAS verdict
CAS have ruled UEFA's two-year ban was too harsh.
They say Man City have contravened Article 56 of the Club Licensing and Financial Fair Play Regulations.
They've been found guilty of failing to cooperate with UEFA authorities, but not of disguising equity funding as sponsorship
And CAS say most of the alleged breaches reported were either not established or time-barred.
As well as lifting the ban, they've also reduced City's fine to €10m.
UEFA could now take the case to the Swiss Federal tribunal, but the chances are slim.