Everton withdraw their appeal against a two-point deduction for breaching Premier League financial rules.
10 May 2024, 12:30 BSTEverton have withdrawn their appeal against a two-point deduction for breaching Premier League financial rules.after an independent commission found the club had breached profit and sustainability rules by £16.6m for the three-year period to 2022-23.
Successive home wins over Nottingham Forest, Liverpool and Brentford last month secured Everton's Premier League safety. In its written reasons for the deduction, the independent commission said the Premier League's starting point for any PSR sanction was a five-point deduction but conceded two should be taken off because of the overlap in the years that were assessed in Everton's two cases.
However, the commission accepted Everton's arguments for mitigation in relation to the fact the club had already been deducted points this season, suffered a loss of revenue because of the suspension of a sponsorship deal with Russian company USM and made an early admission of guilt. This led to the sanction being reduced to two points.
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