Profitability And Sustainability Charges: Nottingham Forest Hit With Four-Point Deduction
Written By Albert Echatah
The Premier League has revealed that Nottingham Forest have been docked four points for breaking the Profit and Sustainability regulations.
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A precedent was set earlier in the season when Everton was docked 10 points, which were later reduced to six on appeal, for breaking the rules till the end of 2021–2022. The Toffees had overreached the limit by £19.5 million in that case, and it was expected that Forest would receive a minimum of six points for having an illegal deficit higher than Everton’s.
The Premier League, however, has decided that a four-point penalty is adequate, even though Forest spent £34.5 million more than the £61 million cap for a freshly promoted team.
Nottingham Forest’s “exceptional cooperation” has resulted in their punishment being effectively reduced from six points to four, according to an Independent Commission’s thorough investigation.
The general statement read: “An independent Commission has applied an immediate four-point deduction to Nottingham Forest FC for a breach of the Premier League’s Profitability and Sustainability Rules (PSRs) for the period ending Season 2022/23.
“Nottingham Forest was referred to an independent Commission on 15 January, following an admission by the club that it had breached the relevant PSR threshold of £61 million by £34.5 million.
“The threshold was lower than £105 million as the club spent two seasons of the assessment period in the EFL Championship. The case was heard in accordance with new Premier League Rules, which provide an expedited timetable for PSR cases to be resolved in the same season the complaint is issued.
“The independent Commission determined the sanction following a two-day hearing this month, at which the club had the opportunity to detail a range of mitigating factors. The Commission found that the club had demonstrated “exceptional cooperation” in its dealings with the Premier League throughout the process.”
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Meanwhile…
Manchester United have announced that Sir Jim Ratcliffe’s official 27.7% takeover of the team in exchange for a £1.3 billion agreement has now been completed.
Ratcliffe said: ‘To become co-owner of Manchester United is a great honour and comes with great responsibility.
‘This marks the completion of the transaction, but just the beginning of our journey to take Manchester United back to the top of English, European and world football, with world-class facilities for our fans. Work to achieve those objectives will accelerate from today.’
(sportsmole)
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