Everton have dropped their appeal over a two-point deduction for breaching Premier League profitability and sustainability rules after judging their prospects of success remote.
Everton lodged the appeal after suffering a second points deduction of the season on 8 April for a £16.6m overspend up to 2023. They were previously docked 10 points, reduced to six on appeal, for a £19.5m breach up to 2022.
