Everton have withdrawn their appeal against a two-point deduction issued for a breach of the Premier League's profit and sustainability rules.
Last November, the Toffees were hit with a 10-point deduction for breaching the competition's financial rules during a four-year assessment period ending in 2021-22, though that penalty was reduced to six points on appeal.
They were then – along with Nottingham Forest – charged with breaching again in the period culminating in the end of last season.
An independent commission found Everton had exceeded the maximum loss limit of £105million by £16.6m during that latter period, issuing a further two-point deduction, which the club pledged to appeal.
However, Everton have since secured safety with relative ease, winning four straight home games against Burnley, Nottingham Forest, Liverpool and Brentford last month.
They now sit 11 points clear of the bottom three with just two games remaining ahead of Saturday's meeting with already-relegated Sheffield United.
Having seen Forest fail in an attempt to overturn or reduce a four-point penalty for their breach, Everton have opted to let their punishment stand.
In a statement, the club said: "Everton Football Club has withdrawn its appeal of the decision by a Premier League independent commission to impose a two-point penalty for a breach of profit and sustainability rules for the accounting period ending in June 2023.
"A hearing, scheduled for later this month, will now not proceed and the club will conclude the 2023-24 season with the two-point deduction remaining in place."
While Everton have confirmed their top-flight status for next season, uncertainty continues to surround the club, with a prospective takeover by Miami-based investment group 777 Partners yet to be ratified, despite the deal being agreed in September.
The Everton Shareholders' Association (EFCSA) has called for majority shareholder Farhad Moshiri to cancel the deal amid continued doubts regarding 777's ability to fund the club.
Guardiola acknowledges Man City 'are fragile' after fifth straight defeat
Manchester City manager Pep Guardiola acknowledged that he is in new territory following their 4-0 home defeat to Tottenham on Saturday, which was their fifth on the bounce.
But despite that, he was not going to hit the panic button, with his side second in the Premier League table and five points behind leaders Liverpool.
"We are fragile at the moment, we could not defend properly. We started well, struggled to score and then conceded. Then the situation is more difficult," he told Sky Sports after the match.
"I've been here as a player, maybe not as a manager, first three games at Barcelona we lost. [In the] last eight years, the results have been there, it would be a mistake to change the approach.
"There are no fairytales in life and sport, sometimes you have to live through these situations. You have to accept it. You can't blame each other, stay together, continue to do what we have done.
"Run away? Absolutely not, we have to stand up more than ever. What will define us is when we fail, we stand up and face it."
Guardiola is by some distance City's most successful manager of all time, having won 18 major trophies at the club, including each of the last four Premier League titles.
His side visit league leaders Liverpool next week and could trail them by eight points by the time kick-off comes, with Arne Slot's side playing a day after City this weekend.
"I don't know what will happen this season, but not for one second will I not believe in these players," said Guardiola.
"There is no team in the world that can sustain success for eight, nine, 10 years in a row.
"Of course, everything is not fine, but what we try to do is analyse it, let's go to next game and see what happens."
On the individual performances of his players, Guardiola lamented the fitness issues that his side has faced in recent weeks.
"Chances were there. The moment they create the chances, the build-up, we couldn't handle the duels like normal. Now we're struggling a little bit," he told BBC Sport.
"It cannot happen. When you play top level teams, we can concede chances but it's part of process. In our situation, it's a bit tougher.
"The players came back late [from international duty]. There were a few reasons we're not able to be consistent.
"Of course, Rodri is important, but we knew that for many months. But [John] Stones can only play 45 minutes, Jack [Grealish] has been injured many times, Kevin [de Bruyne] two months and five months.
"We have to come back and freshen our minds. The season is so long, many things can happen."
Pep Guardiola acknowledges City 'are fragile' after fifth straight defeat
Manchester City manager Pep Guardiola acknowledged that he is in new territory following their 4-0 home defeat to Tottenham on Saturday, which was their fifth on the bounce.
But despite that, he was not going to hit the panic button, with his side second in the Premier League table and five points behind leaders Liverpool.
"We are fragile at the moment, we could not defend properly. We started well, struggled to score and then conceded. Then the situation is more difficult," he told Sky Sports after the match.
"I’ve been here as a player, maybe not as a manager, first three games at Barcelona we lost. [In the] last eight years, the results have been there, it would be a mistake to change the approach.
"There are no fairytales in life and sport, sometimes you have to live through these situations. You have to accept it. You can't blame each other, stay together, continue to do what we have done.
"Run away? Absolutely not, we have to stand up more than ever. What will define us is when we fail, we stand up and face it."
Guardiola is by some distance Manchester City's most successful manager of all time, having won 18 major trophies at the club including each of the last four Premier League titles.
His side visit league leaders Liverpool next week and could trail them by eight points by the time kick-off comes, with Arne Slot's side playing a day after City this weekend.
"I don’t know what will happen this season, but not for one second will I not believe in these players," said Guardiola.
"There is no team in the world that can sustain success for eight, nine, 10 years in a row.
"Of course everything is not fine, but what we try to do is analyse it, let’s go to next game and see what happens."
On the individual performances of his players, Guardiola lamented the fitness issues that his side has faced in recent weeks.
"Chances were there. The moment they create the chances, the build-up, we couldn't handle the duels like normal. Now we're struggling a little bit," he told BBC Sport.
"It cannot happen. When you play top level teams, we can concede chances but it's part of process. In our situation it's a bit tougher.
"The players came back late [from international duty]. There were a few reasons we're not able to be consistent.
"Of course Rodri is important, but we knew that for many months. But [John] Stones can only play 45 minutes, Jack [Grealish] has been injured many times, Kevin [de Bruyne] two months and five months.
"We have to come back and freshen our minds. The season is so long, many things can happen."
Postecoglou hails "outstanding" Maddison after Tottenham crush champions City
Ange Postecoglou heaped praise on James Maddison after he bagged a brace to help beat Manchester City 4-0 at the Etihad Stadium.
Maddison scored twice on his 28th birthday to give Spurs a 2-0 lead at half-time before Pedro Porro and Brennan Johnson scored to hand the Premier League champions their fifth straight defeat across all competitions.
The England international, who joined Tottenham from Leicester City last year, has now scored five goals and created three assists in the Premier League this season.
"[Maddison] was outstanding," Tottenham boss Postecoglou told Sky Sports after the win.
"You have to be against City, and Madders was great. He’s gone through a lean spell but I never doubted his ability. I thought the kind of game we were expecting would suit him.
"I thought we'd need his ability to keep the ball in tight midfield areas. I take it personally on myself if players aren't reaching their level, that’s on me to get him back up there."
With the win, Tottenham moved into sixth place and are only four points behind Pep Guardiola's side, who are in second place.
It was just the third time a team won away against the reigning Premier League champions by four goals or more.
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