Everton and Nottingham Forest Charged with Breaching Premier League Financial Rules
The Premier League has charged Everton and Nottingham Forest for allegedly breaching financial rules under the profit & sustainability regulations. Both clubs have responded with statements on their respective websites.
Premier League Charges
Everton and Nottingham Forest have been charged by the Premier League for allegedly breaching financial rules. The profit & sustainability regulations state that clubs cannot lose more than £105 million over a consecutive three-year period.
In a statement on the Premier League's website, it was confirmed that both clubs have sustained losses above the permitted thresholds for the assessment period ending Season 2022/23.
The cases have now been referred to the chair of the judicial panel, who will appoint separate commissions to determine the appropriate sanction. The final decisions will be made public on the Premier League's website.
Everton's Response
Everton has acknowledged the Premier League's decision and stated that they are being charged for a period they have already been punished for. The club is currently appealing a 10-point deduction for breaking Financial Fair Play rules.
The club believes that the Premier League's rules have a clear deficiency, as they do not prevent a club from being sanctioned for alleged breaches in financial periods that have already been subject to punishment. Everton will continue to defend its position during the ongoing appeal process.
The impact on supporters will be reflected as part of the appeals process, and the club is confident in a fair resolution.
Nottingham Forest's Response
Nottingham Forest has acknowledged the charge from the Premier League and has stated that they intend to cooperate fully with the investigation. The club is confident that a resolution will be reached quickly and fairly.
Forest will work closely with the Premier League to address the breach of profitability and sustainability rules.
Both Everton and Nottingham Forest are awaiting the outcome of their respective appeals and will continue to defend their positions.
