By Tim Parsons-
Everton and Nottingham Forest find themselves in hot water as the Premier League charges both clubs with breaching profitability and sustainability rules. The league permits clubs to incur a maximum loss of £105 million over a three-year period, equivalent to £35 million per season.
In the latest assessment, Nottingham Forest, having spent two seasons in the Championship, was allowed a maximum loss of £61 million. However, both clubs have exceeded the permitted thresholds for the assessment period ending in the 2022/23 season.
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The Premier League announced on Monday that independent commissions would be formed to determine the appropriate sanctions for Everton and Nottingham Forest. The clubs have 14 days to submit formal responses to the charges.
If proven, the breaches could result in severe consequences, including points deductions or fines for both Everton and Nottingham Forest.
This latest development adds to Everton’s existing woes, as they were deducted 10 points last November, marking the largest sanction in Premier League history. The club is currently appealing the severity of that punishment, which was imposed for financial breaches during the three-year period ending in the 2021-22 season.
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Everton issued a statement expressing their dissatisfaction with the Premier League’s handling of the situation, stating that the breach relates to a period already subject to punishment. They criticized the league’s lack of guidelines preventing additional sanctions for alleged breaches during previously sanctioned financial periods.
The statement read, “The club must now defend another Premier League complaint which includes the very same financial periods for which it has already been sanctioned before that appeal has even been heard.”
Nottingham Forest, currently 15th in the Premier League table, released a statement expressing confidence in a fair and speedy resolution. The club intends to cooperate fully with the Premier League on the matter.
The Premier League’s new fast-track profitability and sustainability process aim to expedite the resolution of such cases, responding to past criticisms of lengthy proceedings.
Both Everton and Nottingham Forest await the outcome of the independent commissions to determine the consequences of their financial breaches.
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