Nottingham Forest have broken their silence after being dealt a costly points deduction for breaching the Premier League's profit and sustainability rules .have been docked four points after an independent commission found that the club's losses in 2022-23 breached the threshold of £61million by £34.5million.
"Notwithstanding our disappointment, we thank the Commission for agreeing to deal with this matter on an expedited basis. The Club considers it to be essential for the integrity of the league to have charges resolved in the season in which they are issued."After months of engagement with the Premier League, and exceptional cooperation throughout, this was unexpected and has harmed the trust and confidence we had in the Premier League.
"The Commission's decision raises issues of concern for all aspirant clubs. The player transfer market is a highly specialised trading environment that cannot be compared to the sale of normal products and services.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nottingham Forest handed four-point deduction for breaching Premier League’s financial rulesNottingham Forest have been handed a four-point deduction following a breach of the Premier League’s profitability and sustainability rules (PSR). Forest were referred to an independent commission in January after the club reported losses that exceeded the allowed amount over the three-year reporting cycle ending in the 2022-23 season.
Source: The Athletic UK - 🏆 123. / 51 Read more »
Nottingham Forest drop into Premier League relegation zone after four-point deduction for PSR breachNottingham Forest have dropped into the relegation zone after being deducted points for a breach of the Premier League's Profitability and Sustainability Rules.
Source: SkySportsNews - 🏆 60. / 63 Read more »
Nottingham Forest hit with four-point deduction by Premier League after financial breachForest have now dropped into the relegation zone.
Source: MetroUK - 🏆 13. / 82 Read more »
Nottingham Forest are hit with FOUR-POINT deduction for breaking Premier League financial rules,...Nottingham Forest have been hit with a four-point deduction after breaching the Premier League's Profit and Sustainability rules.
Source: DailyMailUK - 🏆 7. / 90 Read more »
Nottingham Forest are hit with FOUR-POINT deduction for breaking Premier League financial rules,...Nottingham Forest have been hit with a four-point deduction after breaching the Premier League's Profit and Sustainability rules.
Source: DailyMailUK - 🏆 7. / 90 Read more »
Nottingham Forest docked four points for breach of Premier League rulesThe commission said Forest took a risk by effectively ignoring the danger before the January 2023 transfer window, adding players rather than selling them, and knew it was 'sailing close to the wind', meaning the league had to issue an appropriate punishment.
Source: SkyNews - 🏆 35. / 67 Read more »