Man Utd and Man City’s Premier League rival handed points deduction following financial rule breach

Redaction Willow Austin with Kyle Newbould
Published on 2024-03-18 15:30:37

Nottingham Forest have been relegated to the Premier League relegation zone after being docked four points for breaching profitability and sustainability rules. The club reported losses exceeding the maximum allowed during a three-year period, leading to charges from the Premier League and a subsequent investigation by an independent commission. Despite being above the safety threshold after a recent draw, Forest now find themselves in 18th place due to the points deduction.

The Premier League statement confirmed that Nottingham Forest admitted to breaching PSR rules, with the club attributing part of the breach to their decision to hold out for a higher transfer fee for Brennan Johnson. They turned down a £30m offer from Brentford in favor of selling the player to Tottenham for £47.5m, which occurred after the assessment period. Everton, who were also charged with breaching PSR rules, saw their initial 10-point deduction reduced to six on appeal, highlighting the consequences for clubs not adhering to financial regulations.

The saga surrounding PSR breaches extends to other clubs, with Everton facing another potential points deduction and Leicester City at risk if they are promoted to the Premier League. Manchester City, who are under investigation for alleged competition rule breaches, deny any wrongdoing while Manchester United have struggled with PSR constraints in recent transfer windows, limiting their ability to make significant signings. The ramifications of failing to comply with financial regulations in English football are becoming increasingly apparent.

Read Original article on Manchester World