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Nottingham Forest Appeals Rejected with 4 Point Deduction for Breaching Financial Laws: Premier League Updates

The appeal submitted by English Premier League rivals Nottingham Forest was rejected due to the penalty of 4 points being deducted from its score for breaching the financial laws of the league, according to what the League announced on Tuesday.

The club, which submitted its application on March 25, previously admitted that it broke the threshold of profit and sustainability rules by 40 million euros in the 2022-2023 season.

Nottingham are struggling to stay up, as they are in 17th place with 29 points, just 3 points behind Luton Town, 18th.

Nottingham are the second English club to concede points this season after Everton, who have been handed two penalties, the first with a 10-point result, which is the highest penalty in the league’s record, which was reduced to 6 on appeal, and the second was a two-point result for also breaching financial regulations.

Profit and sustainability rules allow clubs to lose 122.4 million euros over 3 years.

A number of clubs came close to exceeding the limit, which led to a significant reduction in spending during the winter transfer window last January.

English clubs agreed on the 29th of last month to set a future spending cap, British media reported, as a way to bridge the gap between the top and bottom of the league standings. in.

The level of consumption (wages, transfer fees, fees paid to agents …) will be calculated according to the television broadcasting rights that the less profitable club receives.

This measure still needs to be approved by the next General Assembly of the League next month, so that it will come into force from the 2025-2026 season.

2024-05-07 14:31:08

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