Premier League spending rules: Everton withdraw appeal over second points deduction and take penalty
Published 10/05/2024 at 13:57 GMT+1
Everton were due to appeal a two-point penalty for a second breach of the Premier League profitability and sustainability rules, but the Merseyside club have now confirmed that they will withdraw that appeal and will instead take the two-point penalty. The penalty has ended up not being relevant with Everton well clear of the Premier League relegation zone.
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Everton have confirmed in a statement released on Friday that they are dropping an appeal over a second points deduction for breaching the Premier League profitability and sustainability rules.
The Toffees were handed a second deduction worth two points on April 8 for an overspend of ÂŁ16.6m up to 2023.
This came after they were docked 10 points – reduced to six on appeal – for the period up to 2022.
The news of their decision comes after Nottingham Forest’s appeal against their own four-point deduction was rejected on Tuesday.
The statement from Everton said that the independent commission’s hearing, that was due to start next week, would now not take place.
The statement read: "Everton Football Club has withdrawn its appeal of the decision by a Premier League Independent Commission to impose a two-point deduction on the club for a breach of the Premier League’s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.Â
"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."
Despite the eight-point deduction, Everton have enjoyed a stellar run of form under manager Sean Dyche and currently sit 15th in the table, mathematically safe from relegation with a gap of 11 points to 18th-placed Luton Town with just two games remaining.
However, the club could reportedly still face another penalty after the last hearing failed to find a resolution between the club and the Premier League surrounding stadium interest payments.
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