<p><a href="https://www.deccanherald.com/tags/everton">Everton</a> have withdrawn their appeal against a two-point deduction for a breach of the <a href="https://www.deccanherald.com/tags/premier-league">Premier League</a>'s Profitability and Sustainability Rules (PSR), the club said on Friday, with the team now safe from relegation.</p>.<p>The penalty was imposed last month -- Everton's second deduction this season. The Merseyside club were deducted 10 points in November for another breach, although that was reduced to six on appeal in February.</p>.<p>As a result, Everton were docked eight points in total and were in danger of being relegated at one stage of the season.</p>.With perfection mere games away, Bayer Leverkusen set new unbeaten European record.<p>However, Sean Dyche's side picked up 14 points from their last seven matches to sit in 15th place -- 11 points clear of the relegation zone with two games left in the season.</p>.<p>"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," Everton said in a statement.</p>.<p>The second points deduction was for a breach of PSR for the accounting period ending in June 2023, with the league saying the club admitted to a breach of 16.6 million pounds (Rs 173.81 crore).</p>.<p>The first deduction was over their finances in the 2020-21 season where their PSR calculation for the relevant period resulted in a loss of 124.5 million pounds (Rs 1303 crore). That amount exceeded the threshold of 105 million pounds (Rs 1099 crore) permitted under the PSRs.</p>
<p><a href="https://www.deccanherald.com/tags/everton">Everton</a> have withdrawn their appeal against a two-point deduction for a breach of the <a href="https://www.deccanherald.com/tags/premier-league">Premier League</a>'s Profitability and Sustainability Rules (PSR), the club said on Friday, with the team now safe from relegation.</p>.<p>The penalty was imposed last month -- Everton's second deduction this season. The Merseyside club were deducted 10 points in November for another breach, although that was reduced to six on appeal in February.</p>.<p>As a result, Everton were docked eight points in total and were in danger of being relegated at one stage of the season.</p>.With perfection mere games away, Bayer Leverkusen set new unbeaten European record.<p>However, Sean Dyche's side picked up 14 points from their last seven matches to sit in 15th place -- 11 points clear of the relegation zone with two games left in the season.</p>.<p>"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," Everton said in a statement.</p>.<p>The second points deduction was for a breach of PSR for the accounting period ending in June 2023, with the league saying the club admitted to a breach of 16.6 million pounds (Rs 173.81 crore).</p>.<p>The first deduction was over their finances in the 2020-21 season where their PSR calculation for the relevant period resulted in a loss of 124.5 million pounds (Rs 1303 crore). That amount exceeded the threshold of 105 million pounds (Rs 1099 crore) permitted under the PSRs.</p>