Breaking News

Everton and Forest charged with breaching Premier League finance rules

Everton and Nottingham Forest have been charged with breaching Premier League Profitability and Sustainability Rules.

Premier League clubs are permitted to lose a maximum of £105m over a three-season period (£35m a season). Due to Forest spending two seasons in the Championship within the latest assessment period, the maximum loss they were permitted was £61m.

The Premier League says both clubs have confirmed they are in breach of the rules for the assessment period ending season 2022/23.

Their cases have now been referred to the chair of the judicial panel, who will appoint separate, independent commissions to determine the appropriate sanction. Punishments could include a fine, points deduction or other sporting sanction.

In November, Everton were deducted 10 points - the largest sanction in the history of the Premier League - for a breach of the profit and sustainability rules. The club are appealing against their punishment.

In response to the latest charge, Everton criticised a "clear deficiency in the Premier League's rules".

Their statement read: "The Premier League does not have guidelines which prevent a club being sanctioned for alleged breaches in financial periods which have already been subject to punishment, unlike other governing bodies, including the EFL.

No comments