The Premier League have slammed charges on Everton and Nottingham for breaching Premier League financial sustainability and profitability rules, LCSoccerHub Reports.
The Premier League statement confirming the charges reads;
“Everton FC and Nottingham Forest FC have each confirmed to the Premier League that they are in breach of the League’s Profitability and Sustainability Rules (PSR). This is as a result of sustaining losses above the permitted thresholds for the assessment period ending Season 2022/23.
“In accordance with Premier League Rules, both cases have now been referred to the chair of the Judicial Panel, who will appoint separate Commissions to determine the appropriate sanction.”
The Premier League charges on Everton and Nottingham Forest is not a surprise. LCSoccerHub understands the two clubs have been under the radar of the Premier League for possible financial breaches.
Recall Everton were hit with a 10-point deduction by the Premier League in November 2023 for breaching financial rules.
Meanwhile, fans have slammed the Premier League for selective enforcement of financial fair play rules.
Manchester City and Chelsea are among top Premier League clubs that have come under the radar of European football governing bodies for breaching Fair Play rules but the Premier League seem to sweep the allegations under wraps.
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In 2023, they slammed Manchester City with 112 charges for breaching Financial Fair play rules but nothing is yet to be done. Chelsea, under new owner Todd Boehly, self-reported mounting financial breaches under ex-owner Roman Abramovich to the Premier League but the football governing body is yet to take a decisive action.
Meanwhile, Everton were quickly slammed with a 10-point deduction for a similar offense back in 2023 with Nottingham Forest now set to face a similar fate.
Everton, Nottingham Forest react
Everton have reacted to the fresh indictment by the Premier League. The club’s statement blasts the decision of the league’s governing body to launch a fresh complaint on a similar charge for which the club was deducted 10 points in November 2023.
Everton club statement reads;
“The club must now defend another Premier League complaint which includes the very same financial periods for which it has already been sanctioned, before that appeal has even been heard. The club takes the view that this results from a clear deficiency in the Premier League’s rules.
Nottingham Forest, on the other hand, have pledged to cooperate with the Premier League following the charges.
What is Premier League Sustainability and Profit Rules (PSR)?
The Premier League Sustainability and Profitability
Rule is a financial rule which prohibits clubs from registering excessive losses over three years.
Clubs in the Premier League are not allowed to register losses up to £105m over three seasons while Championship clubs are not allowed to register losses up to
£87m.
Everton were hit with a 10-point deduction after they registered losses amounting to £124m from 2019/20 to 2022/23 season while Nottingham Forest reportedly recorded losses exceeding the £87m threshold while they were in Championship.
