Everton withdraw appeal against second points deduction
Everton have announced that they no longer plan to appeal the second sanction imposed by the Premier League for their second breach of Profitability and Sustainability Rules.
The Blues were first docked 10 points last November for breaching the upper PSR threshold of £105M in unallowable losses over 4 years ending in the 2021-22 financial year, with that penalty reduced to 6 points following an appeal.
However, a subsequent independent commission addressing a PSR breach for losses over 3 years ending in 2022-23 recommended a further 4-point punishment, reduced to 2 points for “double jeopardy”, and levied in the same season in March.
The Club’s decision to withdraw its challenge to the second sanction follows the failure last week of Nottingham Forest’s appeal, which came after the Toffees had secured sufficient points to ensure Premier League safety going into next season despite suffering a total of 8 points being deducted for two consecutive breaches of PSR.
Forest were deducted 4 points despite a larger breach of their threshold but an appeal board upheld the original ruling.
“Everton Football Club has withdrawn its appeal of the decision by a Premier League Independent Commission to impose a 2-point deduction on the Club for a breach of the Premier League’s Profitability and Sustainability Rules for the accounting period ending in June 2023,” an Everton statement read.
“A hearing, scheduled for later this month, will now not proceed, and the Club will conclude the 2023-24 Premier League season with the 2-point deduction remaining in place.”
With their Premier League survival assured, Everton round off their season against already-relegated Sheffield United at Goodison Park on Saturday, before an away trip to title contenders Arsenal on the final day.
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