Everton are currently 17th in the Premier League but would be 12th without their points deduction
Everton’s appeal hearing over their 10-point deduction for breaching financial rules will begin on Wednesday.
The hearing in front of an appeal board is expected to last three days and BBC Sport understands an outcome should be revealed by mid-February.
The club admitted the breach but said they were “shocked and disappointed” at the severity of the punishment.
Everton were handed the biggest sporting sanction in Premier League history in November.
The Toffees 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 breaking financial limits 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.
Sean Dyche’s side are facing another possible points deduction after they were charged with breaching rules for a second time earlier this month.
Nottingham Forest were also sanctioned for alleged breaches of profit and sustainability rules in their accounts.
Everton lie 17th in the table, one point above the relegation zone and travel to face Fulham on Tuesday (kick-off 19:45 GMT).
Meanwhile, Premier League chief executive Richard Masters has been asked by MPs to clarify his remarks about Everton and Forest.
Appearing before the Culture, Media and Sport Committee on 16 January, Masters used the term “small clubs” when answering a question about the two.