BREAKING: Nottingham Forest lose appeal against four-point deduction
The Premier League said in a statement that Forest had admitted breaching the profitability and sustainability rules (PSR) threshold of £61 million by £34.5 million. However, Forest said they were "extremely disappointed" by the ruling and "dismayed by the tone" of the Premier League's argument.
As a result, the English side lodged an appeal against the four-point deduction imposed upon them for a breach of Premier League financial rules. But, according to reports in England, their appeal has been lost and there is nothing they can do to avoid losing four points in their race for safety.
Premier League clubs are usually allowed maximum losses of £105 million over a three-year assessment period but this is reduced by £22 million per season for any seasons within the period spent in the Championship.
They are currently in 17th place on 29 points, i.e. they are safe from relegation but still have two games in hand - against Chelsea and Burnley.
Forest were promoted back to the Premier League in May 2022 following a 23-year absence, meaning two seasons of their three-year assessment period were as a Championship club.
Read on besoccer.com
