2024-05-07 14:31:08
The appeal presented by Nottingham Forest, the competitor of the English Premier League, was rejected, due to the penalty of deduction of 4 points from its score for violation of the financial laws of the league, according to what the League announced on Tuesday .
The club, which filed its appeal on March 25, previously admitted to violating the break-even threshold and sustainability rules by €40 million in the 2022-2023 season.
Nottingham are struggling to hold on as they sit in 17th place with 29 points, just 3 points behind Luton Town, 18th.
Nottingham are the second English club to be subject to a points deduction this season after Everton, who were handed two penalties. The first was a 10-point deduction, the maximum penalty in league history, which was reduced to 10 points. 6 on appeal, and the second was a deduction of two points also due to a violation of financial rules.
Profitability and sustainability rules allow clubs to lose 122.4 million euros over 3 years.
Several clubs came close to exceeding the limit, leading to a significant drop in spending during the winter transfer period last January.
English clubs agreed on the 29th of last month to set a maximum spending limit in the future, according to what the British media reported, in order to contain the significant gap between the top and bottom of the league standings .
The spending ceiling (salaries, transfer fees, fees paid to agents, etc.) will be calculated based on the television broadcasting rights obtained by the least profitable club.
This measure must still be approved by the next General Assembly of the League next month, so that it can come into force from the 2025-2026 season.
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