Nottingham Forest have been deducted four points for breaching the Premier League's Profit and Sustainability Regulations (PSR), the league announced on Monday, dropping them into the relegation zone.
Forest had 25 points after 29 games this season, but after Monday's point deduction they have dropped to 21 points, moving them into 18th place, one point behind Luton Town.
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Everton were deducted 10 points for a PSR breach (reduced to 6 points after appeal) and face a further sanction for another breach in the same time frame as Forest, their second deduction in the Premier League this season. becomes.
“The independent committee decided on the sanction following a two-day hearing this month, during which the club had the opportunity to explain in detail a range of mitigating factors. “We have determined that the Premier League has shown 'co-operation' throughout the process,” the Premier League said in a statement.
The independent commission's report said Mr Forrest's charges warranted a six-point fine, but the points were reduced to four due to mitigating measures such as an early guilty plea and meaningful cooperation with the investigation.
Forrest said in a club statement released late on Monday that he was “extremely disappointed” by the decision.
“We deeply regret the tone and content of the Premier League's submission to the committee.”
“After many months of engagement and exceptional cooperation with the Premier League, this was unexpected and undermined the trust and confidence we had in the Premier League.
“The Premier League's request for a starting point sanction of eight points was completely disproportionate compared to the nine points stipulated in its own rules in the event of bankruptcy.”
Premier League regulations stipulate that clubs cannot lose more than 105 million pounds ($133.6 million) over a three-year period.
Due to the fact that Forest were in the Second Division of the Championship until 2022, the rules apply differently, with the club receiving up to £39 million (approximately $49.6 million) over three seasons, or up to £13 million per season ( A loss of approximately $16.6 million was recognized. This means that in total, he has allowed losses of £61 million ($77.7 million) over the past three campaigns.
Forest were charged in January with breaching these regulations in the run-up to the 2022-23 season.
Forest have made 21 signings in preparation for promotion ahead of the 2022-23 season, breaking the record for the most transfers in a Premier League club's close season.
