Everton withdraws appeal over two-point penalty for violating financial rules | Everton

Everton have abandoned their appeal for a two point deduction for violating the Premier League's profitability and sustainability rules after judging its prospects of success remote.

Everton lodged the appeal after suffering a second points deduction of the season on April 8 for overspending of £16.6m until 2023. They were previously deducted 10 points. reduced to six on appeal, for a default of £19.5 million until 2022.

An independent commission was due to begin hearing Everton's appeal on Monday, but the club's lawyers, after reviewing the reasons for the rejection of Nottingham Forest attempt to void a four-point deduction, they have decided not to proceed. Everton has secured their Premier League status this season thanks to an exciting finale that earned Sean Dyche the manager of the month award for April.

Everton face another hearing over non-compliance with the 2023 PSR and the possibility of a third points deduction after the latest commission failed to rule on a dispute between the club and the first division on stadium interest payments. The Premier League alleges that Everton had no right to capitalize £23.46 million in stadium interest payments into its accounts, an argument the club rejects.

A statement from the club on Friday said: “Everton Football Club has withdrawn its appeal against the decision of an independent Premier League commission to impose a two-point deduction on the club for failing to comply with the Premier League's profitability and sustainability rules. for the accounting period ending”. in June 2023.”