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English Premier League has charged Everton and Nottingham Forest for breaching the League’s profi t and sustainability rules (PSR). Both clubs have been referred to an independent commission for alleged breaches in their accounts for 2022-23. Under Premier League regulations, clubs can accommodate maximum losses of £105m over a three-season period, or £35m per campaign, before facing sanctions.
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Clubs that breach the PSR rules are at risk of a fine or a points deduction. Like earlier in the 2023-24 season, Everton were docked 10 points for overspending £19.5m in the 2021-22 campaign and are awaiting the outcome of their appeal. Both clubs were asked to submit their accounts for 2022-23 by December 31 under new rules which speed up the reporting process. These new regulations further ensure any penalties were imposed during a season when the alleged violation was committed.
The Premier League released a statement regarding the breach which said, "Everton FC and Nottingham Forest FC have each confirmed to the Premier League that they are in breach of the league's profitability and sustainability rules (PSR). This is as a result of sustaining losses above the permitted thresholds for the assessment period ending season 2022-23."
"In accordance with Premier League rules, both cases have now been referred to the chair of the Judicial Panel, who will appoint separate Commissions to determine the appropriate sanction. Commissions are independent of the Premier League and member clubs. The proceedings are heard in private with the commissions' final decisions made public on the Premier League's website."
