Everton drop plan to appeal over PSR

Everton have withdrawn their appeal against a two-point reduction for breaching spending rules after comfortably cementing their top-flight status The Toffees announced yesterday that 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 Premier League’s profitability and sustainability rules PS5 A statement on the club’s official X – formerly Twitter – account said: “Everton Football Club has withdrawn its appeal of the decision by a Premier League independent commission to impose a two-point deduction on the club for a breach of the Premier League’s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 -une 3 “A hearing scheduled for later this month will now not proceed and the club will conclude the 3- Premier League season with the two-point deduction remaining in place y The fresh punishment was imposed after the club failed to comply with PS5 during the three-year cycle to - 3 and came after they had already been deducted six points for similar reasons for the period to 1,t left them sitting in 1 th place, Must two points clear of the relegation ]one and in severe danger of dropping into the second tier +owever, Sean 'yche’s team will head into their penultimate fixture, today’s clash with relegated Sheffield United, in 15th place on 37 points, 11 clear of the bottom three and with their survival assured