Everton will face no further action for breaching profitability and sustainability rules up to 2023 after the Premier League discontinued its complaint over interest payments related to the club’s new stadium.

Everton were docked 10 points last season for a PSR breach up to 2022, reduced to six points on appeal, plus another two points for admitting a £16.6m overspend up to 2023. However, the club and the Premier League remained in dispute over part of the 2023 charge connected to interest payments on loans taken out for the construction of Everton’s new stadium at Bramley-Moore dock.

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The Premier League argued Everton were entitled to capitalise £2.06m of £19.02m in interest payments in its accounts for 2022-23 and had exceeded the £105m threshold by a further £16.96m. Everton disagreed, and faced the prospect of a third points deduction if found guilty of a larger breach. The hearing was delayed until October last year to give Everton time to provide more information and documentation on its accounts to the Premier League board.

A joint statement released by the club and the Premier League on Friday confirmed: “After considering the further information and documents provided by the club in detail, the Premier League Board has concluded that it would not be appropriate or proportionate to continue to pursue the second part of their complaint. The club and the league agree that this brings to an end all proceedings between the league and the club in relation to the club’s breaches of the PSR for the financial years ending 30 June 2022 and 30 June 2023.”

With Everton deemed to be PSR compliant for the three-year period up to 2024, and the outstanding part of the 2023 charge dropped, the club’s new owners, The Friedkin Group, are rid of the financial complaints that emerged in the final years of Farhad Moshiri’s ownership.

Meanwhile, former Liverpool midfielder Charlie Adam is being considered for a role in David Moyes’ backroom team as a specialist set-piece coach. Adam is available after being sacked as manager of Fleetwood Town last month.

“I’d like to bring in someone to take care of the set-pieces and Charlie is one of a few people who are getting mentioned to me,” said Moyes. “I’ve have had a lot of very good people enquiring about it. I’ve not made a decision on it yet but hopefully we will get to someone shortly.”