Everton have withdrawn their appeal against the club’s two-point deduction for a breach of the Premier League’s profitability and sustainability rules (PSR).

The penalty, imposed by an independent commission that the Premier League referred Everton to in January, is the Merseyside club’s second of the campaign and relates to the three-year accounting period ending in the 2022-23 season.

Everton were hit with a 10-point penalty in November for a PSR breach relating to the three-year period ending in the 2021-22 season, though that was reduced to six in February.

Everton had previously announced their intention to appeal the punishment but confirmed on Friday that they had withdrawn this decision, with a hearing scheduled for later in May no longer required.

Club Statement. pic.twitter.com/RCdJEQpRF0

— Everton (@Everton) May 10, 2024

Despite the loss of eight points across the two deductions, Sean Dyche’s side are safe from Premier League relegation this season. Everton are 15th in the Premier League standings and 11 points clear of the relegation zone with two rounds of matches remaining.

(Tony McArdle/Everton FC via Getty Images)