NOTTINGHAM POST
Nottingham Forest have responded to being charged with breaching the Premier League’s Profitability and Sustainability rules.
In a statement, the club said: “Nottingham Forest acknowledges the statement from the Premier League confirming that the club has today been charged with a breach of the league’s Profitability and Sustainability Rules. The club intends to continue to cooperate fully with the Premier League on this matter and are confident of a speedy and fair resolution.”
According to the rules, following charges being levelled, a hearing by an independent commission has to be concluded by April 8. Any points deductions or sanctions imposed would need to be applied by the end of the season.
The Premier League rules state clubs are only allowed to make a maximum loss of £105 million across a rolling three-year period, or £35m each season. For promoted teams that is reduced, meaning Forest have been restricted to losses of £61m for the last three campaigns – £13m for the two seasons in the Championship prior to promotion, plus £35m last season.
