Former Crystal Palace owner Simon Jordan feels Everton will be okay after their points penalty.
Everton have had 10 points deducted for failing the Premier League's profit and sustainability rules.
Writing in the Mail on Sunday, he said: "Everton's 10-point penalty is harsh, ridiculously harsh.
"They spent 20million over and above the allowable amount and have been hammered with this deduction - so it doesn't feel like the punishment fits the crime.
"It seems to me to be predicated upon sending a message.
"The Premier League wanted to show that they've got control of their own destiny and the powers and ideals behind the independent regulator that is coming down the track perhaps don't need to be as all-consuming as some would have you believe they are going to be."
Before he added: "The challenge for Everton now is what to do next. Do they really want this delayed and hanging over them when the best course of action might be to take their medicine?
"Despite the penalty, they are still only two points adrift of safety and given the struggles of the promoted clubs, it might be an idea to take this one on the chin as I don't see Everton going down.
"I also can't see those clubs lining up to sue Everton getting very far."