Nottingham Forest deducted four points for breaching Premier League profitability and sustainability rules
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ByEurosport
Updated 18/03/2024 at 17:21 GMT
Nottingham Forest will drop into the relegation zone after the Premier League announced that they will be subject to a four-point deduction for breaching the competition's profitability and sustainability rules (PSR). They become the second Premier League team to receive a PSR deduction this season after Everton. Forest drew 1-1 with Luton Town last Saturday - the club they will now move beneath.
Nottingham Forest.
Image credit: Getty Images
Nottingham Forest have been deducted four points for breaching the Premier League's profitability and sustainability rules (PSR).
The deduction will see the club go from 25 points to 21, dropping them into 18th place and inside the relegation zone, one point behind Luton Town.
A statement from the Premier League read: "An independent commission has applied an immediate four-point deduction to Nottingham Forest FC for a breach of the Premier League’s Profitability and Sustainability Rules (PSRs) for the period ending season 2022/23.
"Nottingham Forest was referred to an independent commission on January 15, following an admission by the club that it had breached the relevant PSR threshold of £61 million by £34.5 million. The threshold was lower than £105 million as the club spent two seasons of the assessment period in the EFL Championship.
"The independent commission determined the sanction following a two-day hearing this month, at which the club had the opportunity to detail a range of mitigating factors. The commission found that the club had demonstrated 'exceptional cooperation' in its dealings with the Premier League throughout the process."
Forest are the second side to have a points deduction relating to PSR in this season's Premier League, with Everton receiving a 10-point sanction back in November. That was reduced to six points in February after the Toffees appealed.
In a statement, Forest said they are "extremely disappointed with the decision".
"We were extremely dismayed by the tone and content of the Premier League’s submissions before the commission," said Forest.
"After months of engagement with the Premier League, and exceptional cooperation throughout, this was unexpected and has harmed the trust and confidence we had in the Premier League.
"That the Premier League sought a sanction of eight points as a starting point was utterly disproportionate when compared to the nine points that their own rules prescribe for insolvency.
"We believe that the high levels of cooperation the club has shown during this process, and which are confirmed and recorded in the commission's decision, were not reciprocated by the Premier League."
Forest came close to earning a valuable win on Saturday but were pegged back late in their 1-1 draw with Luton at Kenilworth Road.
Forest are not in league action next until March 30, when they take on Crystal Palace at the City Ground.
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