(VORNews) – Everton and Nottingham Forest have violated Premier League rules regarding profitability and sustainability. Everton and Nottingham Forest could face penalties or point deductions if the breaches are proven.
The total allowable loss for Premier League teams over three years is £105 million, or £35 million per season. Forest was granted a maximum loss of £61 million since they spent two seasons in the Championship during the most recent assessment period.
The Premier League fined two teams for “sustaining losses above the permitted thresholds for the assessment period ending season 2022/23,” the league announced on Monday. Separate panels will review both cases before deciding on the best course of action.
Both Everton and Nottingham Forest have been given 14 days to formally respond to the accusations. There is a possibility of penalties or point deductions for the teams if new violations are established.
In November, Everton docked 10 points—the largest sanction in the history of the league—which the Toffees called “wholly disproportionate and unfair.”. For their overspending in the three years up to the end of the 2021–22 season, the club has already appealed against the severity of that punishment.
Regarding the most recent accusation, Everton stated that the violation pertains to a time frame that encompasses the 2019–20, 2020–21, 2021/22, and 2022–23 seasons.
The club stated that it encompasses the 2019–20, 2020–21, and 2021/22 fiscal years, for which Everton has already been penalized with a 10-point deduction.
‘Clear deficiency in Premier League’s rules’
In contrast to other regulatory organizations, such as the English Football League (EFL), the Premier League does not have regulations that prohibit a club from being punished for suspected violations in financial periods that have already been punished, according to the statement released by the Toffees.
“As a result, and because of the Premier League’s new commitment to deal with such matters ‘in-season’, the club is in a position where it has had no option but to submit a PSR [profit and sustainability rules] calculation that remains subject to change, pending the outcome of the appeal.”
According to them, “The club must now defend another Premier League complaint, that includes the very same financial periods for which it has already been sanctioned before that appeal has even been heard.” According to Everton, “This results from a clear deficiency in the Premier League’s rules.”.
“Everton can assure its fans that it will continue to defend its position during the ongoing appeal and, should it be required to do so, at any future commission, and that the impact on supporters will be reflected as part of that process.” A statement from Nottingham Forest said they would “continue to cooperate fully with the Premier League in this matter and are confident of a speedy and fair resolution.”.
East Midlands were in the Championship until 2022 when clubs are permitted to lose a maximum of £39 million over three seasons, or £13 million per season, so their permissible losses over the past three campaigns would add up to £61 million. A place above the relegation zone, Forest are 15th in the Premier League, while Everton are 17th.
Manchester City was also submitted to an independent commission in February for more than 100 alleged financial rule violations since the club’s acquisition by the Abu Dhabi-based City Football Group in 2008. There has been no verdict in that case. The city has fiercely refuted the claims.
What did the Premier League rules say?
The Premier League announced today in a statement: “Everton FC and Nottingham Forest FC have both confirmed to the Premier League that they violate the league’s profitability and sustainability rules.” This is a consequence of losses exceeding the authorized criteria for the evaluation period ending in 2022/23.
“In line with Premier League rules, both instances have now been sent to the head of the judicial panel, who will convene separate commissions to assess the appropriate penalty. “Commissions operate independently of the Premier League and its member teams. The hearings are held in secret, and the commission’s final findings are made public on the Premier League’s website.”
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