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May 7 – Nottingham Forest have failed with an appeal against their four-point deduction for breaching the Premier League’s profit and sustainability rules (PSR).
The decision to punish Forest has been upheld by an independent appeal board.
Premier League clubs are allowed to lose a maximum of £105 million over three seasons but if they go over this figure they break the rules.
Forest were docked the points in March having exceeded the permitted losses by £34.5 million in the assessment period ending with the 2022-23 season. At the time, the deduction put the team, in its second season in England’s top division, in the relegation zone.
Forest quickly said they would appeal but the original sanction stands. It means Forest remain on 29 points, sitting three points and one place above the bottom three, with two Premier League matches left to play.
Forest had sought a reduction because they felt the original commission should have taken the £47.5 million sale of Brennan Johnson to Tottenham Hotspur – two months after the end of the financial year ending 2023 – into account as a mitigating factor.
They also felt the original commission had made a mistake by not wholly or partially suspending the sanction.
The Premier League confirmed in a statement on its website: “The club argued that the independent commission committed an error in not treating its sale of a high-profile player shortly after the assessment period as a mitigating factor, and that it committed a further error in electing not to suspend some or all of the points deduction it imposed.
“Each of these grounds was rejected by the appeal board, which found the independent commission was entitled to immediately impose the sanction it did. The four-point deduction will therefore remain in place.”
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Source link : https://www.insideworldfootball.com/2024/05/07/nottingham-forest-lose-appeal-points-deduction/
Author : Paul Nicholson
Publish date : 2024-05-07 15:00:20
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