Manchester United and Manchester City, along with other Premier League clubs, are set to find out today whether they are adjudged to have broken Financial Fair Play rules during the course of last season.
New changes in the league’s profit and sustainability regulations meant clubs had to submit accounts for the 2022/23 season by December 31. Simple cases that breach finance rules are set to be fast-tracked with the aim of punishing guilty clubs in the current campaign.
Everton were charged last season for exceeding the three-year £105million loss threshold but only received their 10-point deduction in November, a sanction they are appealing. The deficit limit is lower for those who were in the Championship at any point during the three-year period.
READ MORE: Where every Premier League club stand with FFP in January
READ MORE: Financial Fair Play rules explained
Reports this weekend suggest Nottingham Forest, who won promotion to the Premier League two seasons ago, are at risk of breaching FFP rules having spent around £250m on transfers since joining the top-flight. And The Athletic says Everton, who are currently building a new stadium, are also at risk of a separate second charge. Both clubs are expected to be handed verdicts today and would have two weeks to respond to any charges, with appeals to be dealt with by April 8.
The only allowable costs within FFP is investment into infrastructure, women’s teams and the academy while player profits from sales can help offset the overall loss. The 115 allegations against Man City - all denied by the club - are regarding other financial matters. They comprise accusations of uncoperation and illicit financial reporting, so the case is considered complex and does not come
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