I don't think it can be overturned as we stupidly admitted our guilt so we have to face a penalty.
The points deduction could be added to - 12 points as the PL wanted
The points deduction could remain the same - 10 points - the appeal case finds we have no argument.
The points deduction could be reduced - The appeal finds we have some grounds that the amount of points was too harsh.
The points deduction could be wiped out - Very unlikely and they fine our "wealthy" owner. And when they say "owner" they mean the club.
I think people are still failing to see the difference between accepting guilt and the penalty applied.
Ditto the penality is hugely out of proportion with the offence.
Ditto the penality is a sporting penality when it should be argued the club should face a financial penality.
Also needs bearing in mind that there are a number of holes in the Premier League case, from a layman's point of view, from what I've read the PL changed the rules on some of the mitigation (re the stadium costs) at that point Everton were saying we did nothing wrong to then having to accept yes we have now breached the rules.
From a legal point of view you only have to see what many experts are saying and that includes Andy Burnham.
Anyway it'll all come out in the wash as they say. What is clear is that an Independent Regulator is on the way. The PL can try to bury us (I hope we bury them)
I think it's only a matter of time that things change. I just hope it's not too late for us.