Premier League charge two clubs for breaching financial rules

Everton and Nottingham Forest have been charged by the Premier League for breaching Profitability and Sustainability Rules (PSR), and both could now face points deductions.

Under these rules, clubs are only allowed to record losses of £105m over a three-year period, or £35m-a-season in that time span. Investments in youth development, infrastructure, community and women's football can be deducted from these costs.

The two clubs reported losses exceeding these amounts and have now been referred to an independent commission to decide on the case and a potential punishment.

Everton, who have already been deducted ten points this season for a previous breach of regulations, said in a statement: «Everton Football Club acknowledges the Premier League’s decision to refer a breach of Profit & Sustainability rules (PSR) for the assessment period ending with the 2022/23 season to an independent Premier League commission.

»This relates to a period which covers seasons 2019/20, 2020/21, 2021/22 and 2022/23. It therefore includes financial periods (2019/20, 2020/21 and 2021/22) for which the Club has already received a 10-point sanction. The Club is currently appealing that sanction.

«The Premier League does not have guidelines which prevent a club being sanctioned for alleged breaches in financial periods which have already been subject to punishment, unlike other governing bodies, including the EFL. As a result — and because of the Premier League’s new commitment to deal with such matters 'in-season' — the Club is in a position where it has had no option but to submit a PSR calculation which remains subject to change, pending the outcome of the appeal.

»The Club must now defend another Premier League complaint which includes the very