Everton withdraw appeal against their two-point deduction for breaching the Premier League's Profit and Sustainability rules

Everton have officially withdrawn their appeal against a two-point deduction for breaching the Premier League's Profit and Sustainability rules. 

The club had been docked further points on April 8 after they were hit with a 10-point penalty in November for a PSR breach relating to the three-year accounting period that ended in the 2021-22 season. 

The Toffees had previously claimed that they did not feel the second sanction, that related to the period ending in the 2022-23 campaign, 'was appropriate,' and as before, stated their intent to appeal the decision. 

They had previously been successful in reducing their previous 10-point sanction but on Friday issued a statement announcing that they would be withdrawing their application.

In a statement, the club said: 'Everton Football Club has withdrawn its appeal of the decision by a Premier League Independent Commission to impose a two-point deduction on the Club for a breach of the Premier League’s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.'

More to follow...