Everton have withdrawn their appeal against the club’s two-point deduction for a breach of the Premier League’s profitability and sustainability rules (PSR).
The penalty, imposed by an independent commission that the Premier League referred Everton to in January, is the Merseyside club’s second of the campaign and relates to the three-year accounting period ending in the 2022-23 season.
Everton were hit with a 10-point penalty in November for a PSR breach relating to the three-year period ending in the 2021-22 season, though that was reduced to six in February upon appeal.
Everton...