Khel Now logo
HomeSportsOLYMPICS 2024Live Score
Advertisement

Premier League

Nottingham Forest handed four-points deduction for breaking Premier League FFP rule

Published at :March 18, 2024 at 10:37 PM
Modified at :March 18, 2024 at 10:37 PM
Post Featured Image

(Courtesy : Nottingham Forest)

Rajarshi Shukla


Forest are now 17th in the Premier League table

Due to their four-point punishment for breaking the Premier League’s sustainability and profitability criteria, Nottingham Forest are now just a single point off the final safe berth and in the relegation zone.

On Monday, the Premier League is scheduled to make an announcement, and Forest is probably going to file an appeal. The penalty has moved Luton—whom Forest drew 1-1 with on Saturday—out of the bottom three.

Although Forest acknowledged the infringement, its case rested on exceptional circumstances surrounding Brennan Johnson’s sale. Early in the summer of last year, the club got a £30 million bid from Brentford; however, the forward was hesitant to transfer, and Forest believed they could obtain a higher price for their prize player if they extended the PSR deadline to June 30.

Although Johnson was sold to Tottenham in September for £47.5 million, this argument was rejected by an impartial panel.

The club maintained their strategy was intended to make them more sustainable, despite the fact that all proceeds from the sale of Johnson, an academy product, went down as profit.

Over the course of three seasons, Premier League teams are authorised to lose £105 million, but Forest’s permissible liabilities were only £61 million as they played two of those years in the Championship. This was another area of their argument, as the team claimed they were unable to compete at a higher level against more established clubs since they had to invest in their roster after getting promoted.

Forest helped them maintain their Premier League position last season by signing 42 players at a cost of almost £250 million after their promotion.

They have signed 45 players for £250 million over that period, yet they have only made £5 million in transactions.Brennan Johnson’s £45 million summertime sale to Tottenham was too late to be taken into account within the reporting period under consideration, therefore it was unable to partially offset their losses.But until the season is over, we won’t know who gets demoted from the Premier League. It is probable that decisions about appeals won’t be made until after the last campaign kick.

Following the confirmation in January that they breached PSR rules, the club said: ”

Nottingham Forest acknowledges the statement from the Premier League confirming that the club has today been charged with a breach of the league’s profitability and Sustainability Rules.

“The club intends to continue to cooperate fully with the Premier League on this matter and are confident of a speedy and fair resolution.”

For more updates, follow Khel Now on Facebook, Twitter, and Instagram; download the Khel Now Android App or IOS App and join our community on Telegram.

Advertisement
Advertisement