I see loads of people (mainly non-Evertonians, obviously) saying 'PSR is based on a rolling 3-year period so each yearly breach takes all three years into account!' which may be technically true, but is still completely daft. As you say - the basis of the first punishment is rooted in the combination of the first three years - if we were never truly given enough time to course-correct to bring Year 4 well down and in line with the PSR calc for the last 3 years then surely the next IC needs to consider that. There is also, of course, the fact that this latest commission went out of their way to outline that the club have been well aware for a while now that costs need to go down and there is ample proof of that.
If we get hit with an automatic 6 again for this second breach I'd be well pissed off - but I fear we may have to just get on with it.