Nottingham Forest and many of their Premier League counterparts must be wary of falling foul of the new, more stringent, rules.
It has been revealed that Nottingham Forest and their Premier League opponents may be subject to punishment from the football association if they attempt to negotiate sponsorship agreements or investigate player transfers to teams or groups connected to their owners.
Olympiacos, a repeat winner in his home country, and Rio Ave in Portugal are two of the Greek businessman’s abroad clubs in which Forest is partnered. Olympiacos has been led by owner Evangelos Marinakis since the spring of 2017.
The initial regulations, which have since been updated, are now stricter than they were. They have been put in place to make sure that transfers between clubs owned by the same group remain at market value and to stop elite teams from using their owners to boost revenue and bolster their squads. They also make sure that clubs aren’t receiving undue benefits from sponsorship.
According to The Times, the league would impose punishment on any team found to have violated the new, stricter regulations. It is required of all clubs to take “all reasonable care” when considering player transfers within certain ownership groups. If a club is discovered to have violated the regulations, an impartial commission has the authority to impose any punishment it sees fit, contingent on the seriousness of the offence.
There is talk of a “bitter split” between clubs in ownership portfolios and those that aren’t as a result of the new laws. Several teams, including as Manchester City and Newcastle United, voted against the Premier League’s new rules last month.
The league’s handbook states that it will “seek to ensure the long-term financial sustainability of clubs by extinguishing reliance on enhanced commercial revenues received from entities linked to the club’s ownership” , while encouraging “fairness amongst clubs, so that clubs are not able to derive an unfair advantage over domestic competitors by increasing revenues or reducing costs via arrangements with entities linked to a club’s ownership” .
Surprisingly, Forest is one of 16 Premier League teams that are a member of a larger football organisation; the only teams without this connection are Wolves, Tottenham, Luton, and Fulham. Owners of Chelsea and Arsenal, respectively, include Stan Kroenke of Arsenal and Todd Boehly of Chelsea, who owns a share in Strasbourg, an MLS team.
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