Posts

Showing posts with the label breach

Everton and Nottingham Forest charged with breaching Premier League Profitability and Sustainability Rules

Everton and Nottingham Forest have been charged by the Premier League for breaching Profitability and Sustainability Rules (PSR), and both could now face points deductions. Under these rules, clubs are only allowed to record losses of £105m over a three-year period, or £35m-a-season in that time span. Investments in youth development, infrastructure, community and women's Football can be deducted from these costs. The two clubs reported losses exceeding these amounts and have now been referred to an independent commission to decide on the case and a potential punishment. Everton, who have already been deducted ten points this season for a previous breach of regulations, said in a statement: "Everton Football Club acknowledges the Premier League’s decision to refer a breach of Profit & Sustainability rules (PSR) for the assessment period ending with the 2022/23 season to an independent Premier League commission. "This relates to a period which covers seasons 2019/20, ...