Latest Nottingham Forest news from NottinghamshireLive as the Reds have been charged by the Premier League for breaching its profit and sustainability rules
According to reports, Nottingham Forest, who was accused of breaking the Premier League’s profit and sustainability regulations, will find out this week when their hearing is scheduled.
Additionally, The I understand that the Reds will play an independent commission in the first two weeks of March. The Premier League had charged Forest back in January.
Following the accusation, the team released the following statement: “Nottingham Forest recognises the Premier League’s announcement stating that the club has been charged with a breach of the league’s Profitability and Sustainability Rules today. The club is confident in a prompt and equitable settlement and plans to continue working closely with the Premier League on this issue.
As per the regulations, an impartial commission hearing must be completed by April 8th, after charges are filed.
According to Premier League regulations, clubs can only lose up to £105 million in a rolling three-year period, or £35 million every season. This is lowered for promoted teams, therefore Forest can only lose a total of £61 million over the last three seasons—£13 million for the two Championship seasons before promotion and an additional £35 million the previous season.
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