Finally some good news for Everton! Second points deduction in doubt after rival clubs withdraw £300m compensation claim over administration fears

According to theDaily Mail, the recently relegated trio are set to seek a negotiated settlement instead of suing the club, after Everton were deducted 10 points following Financial Fair Play (FFP) breaches.

Everton were previously at risk of being handed a further nine point deduction, which put them at risk of being plunged into administration, after the three clubs looked for £300million ($374m) in compensation.

The 10-point deduction for the Toffees is the most serve punishment in the history of the top flight of English football, with the club now sitting in 19th place following the penalty and 3-0 defeat to Manchester United. Fans used the game as an opportunity to protest heavily against the deduction and treatment by the Premier League.

Despite the heavy deduction, Everton remain hopeful of their chances of survival, with the club just five points away from Luton Town in 17th. Sean Dyche and his side are now preparing for a tough trip to Nottingham Forest, who have only lost one game at the City Ground this season.