Everton no longer going ahead with its appeal against the Premier League points deduction after sealing top-flight status

Everton have withdrawn their appeal against a two-point reduction for breaching spending rules after comfortably cementing their place in the Premier League next season.

The Toffees announced on Friday afternoon they had decided not to go ahead with a scheduled hearing to contest the punishment handed down by an independent regulatory commission last month, after they had admitted a second breach of the English Premier League’s profitability and sustainability rules (PSR).

“Everton Football Club has withdrawn its appeal of the decision by a Premier League independent commission to impose a two-point deduction on the club for a breach of the Premier League’s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.

“A hearing scheduled for later this month will now not proceed and the club will conclude the 2023-24 Premier League season with the two-point deduction remaining in place.”

The fresh punishment was imposed after the club failed to comply with PSR during the three-year cycle to 2022-23, and came after they had already been deducted six points for similar reasons for the period to 2021-22.