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Everton and Nottingham Forest face charges for violating financial regulations of Premier League

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Everton and Nottingham Forest are facing charges for violating the Premier League’s profitability and sustainability regulations (PSR).

The alleged breaches, which could result in fines and points deductions, were communicated to both clubs on Monday. An independent commission will now be tasked with determining the appropriate sanctions for each club.

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Nottingham Forest becomes the third club in the top flight to be charged with contravening the financial rules, allowing a maximum loss of £105 million over three years or £35 million per season.

Considering their two-season stint in the Championship during this period, their permitted loss was capped at £61 million.

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Meanwhile, Everton is confronted with another breach, adding to their woes after already receiving a 10-point deduction in November, a penalty related to the 2021/22 season.

“The Premier League does not have guidelines that prevent a club from being sanctioned for alleged breaches in financial periods that have already been subject to punishment, unlike other governing bodies, including the EFL,” an Everton statement read.

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“As a result, and because of the Premier League’s new commitment to deal with such matters “in-season,” the club is in a position where it has had no option but to submit a PSR calculation that remains subject to change pending the outcome of the appeal.

“The club must now defend another Premier League complaint, which includes the very same financial periods for which it has already been sanctioned, before that appeal has even been heard. The club takes the view that this results from a clear deficiency in the Premier League’s rules.

“Everton can assure its fans that it will continue to defend its position during the ongoing appeal and, should it be required to do so, at any future commission, and that the impact on supporters will be reflected as part of that process.”

Forest themselves stated that they acknowledge the Premier League’s statement and they are hoping for a “speedy and fair resolution.”.

“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.”

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