The Premier League risks losing the trust of fans over its handling of financial cases, an Everton supporters’ representative has said.
Everton face the threat of a further points deduction after being referred to an independent commission for the second time within 12 months this week for a breach of the league’s profitability and sustainability rules (PSR).
A PSR complaint against Nottingham Forest was also referred on Monday.
Everton were docked 10 points last November for the first PSR breach, and expect to learn the outcome of their appeal against that sanction by the end of February.
Julie Clarke, the secretary of the Everton fan advisory board, sat behind Premier League chief executive Richard Masters as he gave evidence to the Culture, Media and Sport select committee on Tuesday.
Everton and Forest could both be sanctioned before a hearing considering more than 100 charges against Manchester City has even taken place, and Clarke says she spoke to Masters after the hearing and took him to task over what she saw as the league’s lack of transparency over PSR matters.
“If he wants to say (other cases are) taking longer because there are different considerations, you have to tell people what those considerations are. Football fans are intelligent and articulate. They’re not fools. Only a fool would think that,” Clarke told the PA news agency.
“They need to be clear about what’s holding up the other clubs while they can investigate and sanction us, and then announce they’re holding another investigation with us and Nottingham Forest without announcing why other clubs that they’re investigating still haven’t had a hearing.
“I’ve never believed a club is too big to be relegated – if you play badly you should be relegated.
“But when there are intervening bodies coming in to expedite that process which are not transparent and seem unfair and disproportionate, then that’s where the Premier League starts to lose the trust of fans.”
Masters told MPs the “volume and character” of the more than 100 charges laid against Manchester City meant that case was being heard “in a completely different environment”.
Clarke felt the committee should have pressed Masters to reveal the date for City’s independent commission hearing, after he confirmed one had been set.
“I wouldn’t have accepted that and I was furious actually that nobody came back and challenged him on that,” she said.
“If he knows, and he’s sitting there in front of a select committee, I think it was within their gift to say ‘I’m sorry, we don’t accept that you won’t tell us’.”
Clarke revealed she had spoken to committee member Rupa Huq over her fears regarding Everton’s future as a community asset should further sanctions be applied.
“I explained to her the risk that they were putting Everton Football Club in, and all of the work that they do in the community, the mental health and wellness hub, the new stadium and what it’s bringing to that part of the city that’s been massively underprivileged for years and years,” Clarke said.
“What the new stadium is going to bring to the city can’t be measured at the moment. It was very important that those people on that committee knew how important Everton is in its community, not just as a football club.”
Clubs opted not to adopt a sanctioning framework for PSR when the issue was raised at a Premier League meeting in 2020. The expedited PSR process under which Everton and Forest have been referred was agreed by clubs at last summer’s league annual general meeting.
The Premier League has been contacted for comment.
The independent commission which heard the first PSR complaint against Everton last year found the club’s desire to improve their on-pitch performance had resulted in them acting “irresponsibly” and exceeding permitted losses under PSR by £19.5million.
Sir Jim Ratcliffe warned Manchester United he was prepared to withdraw his offer to become minority owner if it was not given the green light before Christmas, it has been revealed.
It was announced on December 24 that the Ineos chairman had agreed to buy a 25 per cent stake in the Premier League club in a deal that included investing 300million US dollars (£236.7million) into their infrastructure.
But US Securities and Exchange Commission (SEC) filings released on Wednesday have revealed Ratcliffe’s patience had begun to wear thin shortly before an agreement was struck.
In the week before Christmas, Ratcliffe’s company Trawlers Limited “gave Manchester United a deadline of December 25, 2023 to accept its best and final proposal”.
Widespread discussions had been held between February’s initial offer for a controlling stake and the ultimate outcome.
There was pushback from non-affiliated directors to what is known in the filings as the ‘October Proposal’ of 33 US dollars for 25 per cent of Class A and B shares plus 300m US dollars capital.
Ratcliffe agreed to slight concessions after conversations between December 18 and 22 but “was not prepared to accept any of other changes proposed by the non-affiliated directors”.
It led to an informal meeting of the board of directors on December 22 and a “robust discussion regarding the feedback from the offeror”.
The board representatives noted Ratcliffe “could decide to withdraw (the) proposal if the board of directors was not prepared to move forward by December 25, 2023”.
That transaction was subsequently agreed on December 24, bringing an end to a process that started in early June 2022.
United met representatives of investment bank Raine “on several occasions to discuss potential strategic opportunities to enhance shareholder value and serve the best interests of the football club’s fans”.
That led to the eventual November 22, 2022 announcement of a ‘Strategic Alternatives Review Process’, leading to appointed financial adviser Raine speaking to over 170 interested parties.
SEC filings revealed Raine is to be paid an estimated 31.5m US dollars (£24.9m) for their services.
United entered into 26 nondisclosure agreements and 19 were invited to the first round of bidding, including Ratcliffe and Sheikh Jassim.
The Qatari was considered the biggest competition to buy the club and formally withdrew from the process on October 15, 2023.
Known as ‘Bidder A’ in the filings, it was noted on a number of occasions that they “did not provide customary financing commitment letters”.
Raine informed Sheikh Jassim’s bid on May 22 that a proposal to acquire all ordinary shares would only be considered if a price of 35.25 US dollars (£27.83) was met.
In the end, Ratcliffe struck a deal to buy 25 per cent of Class B shares held by the Glazer family and up to 25 per cent of all Class A shares at a price of 33 US dollars (£26).
That offer for up to 13,237,834 Class A ordinary shares was confirmed on Wednesday.
United’s Class A share price was 19.84 US dollars (£15.64) on December 22 – the last full day before the public announcement of Ratcliffe’s offer.
On the last full trading day before the commencement of the offer the price was 21.20 US dollars (£16.71) per share.
The SEC document read: “The offer and withdrawal rights will expire at one minute after 11.59pm eastern time on February 13, 2024, unless the offer is extended or earlier terminated.”
The filing also said upon the consummation of the offer Ratcliffe’s shares would collectively “represent a 27.69 per cent ownership interest and 28.71 per cent voting interest”.
As part of the tender process, United also wrote to shareholders inviting them to attend an extraordinary general meeting in Rochester, New York on February 5.
That letter is signed by Patrick Stewart, United’s interim chief executive officer and general counsel, and Cliff Baty, the club’s chief financial officer.
The SEC filings revealed that the pair are in line for a bonus “equal to two times the annual salary of such executive officer as of the date of the closing”.
Brentford striker Ivan Toney has not ruled out a big-money move to a leading club this month after completing his eight-month football ban.
Toney’s suspension for breaching Football Association gambling rules ended on Wednesday and he could return to action on Saturday in the Bees’ home Premier League game against Nottingham Forest.
The 27-year-old, who scored 20 goals in 33 Premier League appearances last season before being suspended in May, has been linked with both Arsenal and Chelsea.
He celebrated the end of his ban from football with a social media post declaring he was “free”.
When asked if this month was not the right time to leave Brentford, Toney told Sky Sports: “Well I don’t know, you can never predict when is the right time to move elsewhere.
“It’s obvious I’d like to play for a top club, everybody wants to play for the top clubs, fighting for titles and these kinds of things.
“So whether it’s this January for a club to come in and pay the right money, who knows?
“But my main focus is doing what I do on the pitch and let the background work take care of itself.”
Toney made his England debut during a European Championship qualifying win against Ukraine last March and reiterated his desire to become his country’s leading striker.
“To be the best you have to play with the best and competing against the best,” he said.
“Harry Kane is one of the best strikers in the world and he’s been doing it for some years now, so if I want to be England’s number one I’ve got to compete against him.
“He’s not a bad striker to be taking tips off. I’ve just got to keep scoring goals and keep playing well and who knows what can happen?”
Toney has been diagnosed as a gambling addict, but is confident he has beaten the habit.
“Sometimes you just don’t realise what you’re doing in the moment,” he added. “It’s sorted out now.
“I’ve spoken to people about it and it’s all sorted now, so I’ll focus on doing the right thing. I’ll do none of that rubbish now, it’s all good.”
Frank said before his side’s FA Cup replay defeat at Wolves on Tuesday night that Toney “will be absolutely on it and ready for Saturday” and was hopeful of keeping hold of the striker at least until the end of the season.
“It’s a team he’s really enjoying being part of, with some good mates, enjoying their football together, enjoying playing for Brentford and for the fans,” Frank said.
“We’ve done everything we can to help him through this. We’d like to keep him, but we know how football is.”
Toney was also fined £50,000 and warned about his future conduct for 232 breaches of the FA’s betting rules.
Brentford striker Ivan Toney has celebrated the end of his eight-month ban from football with a social media post declaring he is “free”.
Toney’s suspension for breaching Football Association gambling rules ends on Wednesday and he could return to action on Saturday in Brentford’s home Premier League game against Nottingham Forest.
Bees head coach Thomas Frank said before his side’s FA Cup replay defeat at Wolves on Tuesday night that Toney “will be absolutely on it and ready for Saturday”.
Toney has been linked with both Arsenal and Chelsea during the transfer window, but Frank is hoping to keep hold of the 27-year-old at least until the end of the season.
“It’s a team he’s really enjoying being part of, with some good mates, enjoying their football together, enjoying playing for Brentford and for the fans,” Frank added.
“We’ve done everything we can to help him through this. We’d like to keep him, but we know how football is.”
Toney’s last competitive match was in Brentford’s 1-0 defeat at Liverpool on May 6, but he has been allowed to train with his team-mates since September.
He made his England debut during a European Championship qualifying win against Ukraine last March and has scored 32 goals in 64 Premier League appearances for Brentford.
Toney was also fined £50,000 and warned about his future conduct for 232 breaches of the FA’s betting rules.
Sir Jim Ratcliffe has submitted his tender offer for 25 per cent of the Class A shares traded on the New York Stock Exchange as part of his deal to become the minority owner of Manchester United.
It was announced on Christmas Eve that the Ineos chairman had agreed to buy a 25 per cent stake in the Premier League club in a deal that included investing 300million US dollars (£236.7million) into their infrastructure.
As well as buying Class B shares held by the Glazer family, the announcement confirmed that Ratcliffe would offer to acquire up to 25 per cent of all Class A shares at a price of 33 US dollars (£26) per share.
That offer from his company, Trawlers Limited, for up to 13,237,834 Class A ordinary shares was confirmed in a US Securities and Exchange Commission filing on Wednesday.
United’s Class A share price was 19.84 US dollars (£15.64) on December 22 – the last full day before the public announcement of Ratcliffe’s offer.
On the last full trading day before the commencement of the offer the price was 21.20 US dollars (£16.71) per share.
The document read: “The offer and withdrawal rights will expire at one minute after 11.59pm eastern time on February 13, 2024, unless the offer is extended or earlier terminated.”
The filing also said upon the consummation of the offer Ratcliffe’s shares would collectively “represent a 27.69 per cent ownership interest and 28.71 per cent voting interest in the Company”.
Earlier in the day United announced their first-quarter earnings for the three months ending September 30, 2023.
Published later than usual following the conclusion of the strategic review, it showed record first-quarter revenues up nine per cent at £157.1m.
Tottenham defender Sergio Reguilon is set to join Brentford on loan until the end of the season, the PA news agency understands.
The Bees are short of full-back options with first-choice left-back Rico Henry ruled out of the rest of the campaign with a knee injury.
Thomas Frank has used Aaron Hickey and even attacker Saman Ghoddos out wide, while also deploying a 3-5-2 formation, but will be able to call upon recognised left-back Reguilon for the remainder of the season.
Reguilon spent the first half of the campaign with Manchester United and made 12 appearances, but returned to Spurs this month after Erik ten Hag’s side decided to active a break clause in the deal.
Another temporary move away from north London was always expected with Tottenham boss Ange Postecoglou boasting plenty of competition in the left-back area.
Brentford have secured Reguilon’s services in a straight loan deal with no option or obligation to make the transfer permanent, PA understands.
One-time Spanish international Reguilon could make his Bees debut in Saturday’s Premier League home fixture with Nottingham Forest, but will sit out the trip to parent club Spurs on January 31 owing to the terms of his loan.
Newcastle are bracing themselves for the prospect of losing key midfielder Joelinton for the remainder of the season if he needs surgery.
The 27-year-old Brazil international damaged a tendon in his thigh during the 3-0 FA Cup third-round victory at Sunderland on January 6 and medics have since been working to assess the extent of the problem.
However, the PA news agency understands he may need an operation and if that proves to be the case, he would be out of action for months rather than the “minimum of six weeks” for which head coach Eddie Howe revealed he could be sidelined on Friday.
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Howe said: “Joey’s injury is another freak injury one where he’s off-balance trying to switch play. He gets pushed in the back, his leg goes to an awkward angle and ends up with an injury.
“Unfortunately for us any injury we’ve picked up this year hasn’t been a one or two-week injury, it’s been six to eight weeks at a time where we can’t afford it.
“We’re really stretched in the attacking and midfield areas and we have been for a long time.
“It’s inhibited our ability to rest players and also change the flow of games by bringing players on who can make a difference.”
Joelinton, a £40million signing from Hoffenheim during the summer of 2019, was one of 11 senior players unavailable for Saturday’s 3-2 home defeat by Manchester City with 10 of them missing through injury or illness.
Howe hopes to have Harvey Barnes and Jacob Murphy back from toe and shoulder problems respectively within the next few weeks, but the depth of his squad has been severely tested in recent months and the demands on those who have played throughout a gruelling schedule have taken their toll.
A prolonged absence for the Brazilian, who has become a key member of the Newcastle team since he was converted from a struggling striker to a powerhouse midfielder, coupled with Sandro Tonali’s 10-month suspension for betting breaches, would represent a further blow.
Howe has drafted 17-year-old Lewis Miley into his preferred 4-3-3 formation when more senior players have been unavailable, but is acutely aware of the responsibility he has heaped on the shoulders of such a young player.
The 46-year-old would dearly love to bolster his resources during the winter transfer window, but both he and chief executive Darren Eales admitted last week that the restrictions imposed by Premier League profit and sustainability rules mean that significant investment was unlikely.
Newcastle had hoped to clinch a loan deal for Manchester City midfielder Kalvin Phillips, but are understood to have baulked at both the fee involved and a purchase clause and their hunt for reinforcements on a budget continues.
Tottenham new boy Radu Dragusin believes “the sky is the limit” after turning down Bayern Munich to join Ange Postecoglou’s side.
Having completed the loan signing of Germany forward Timo Werner last week, the north London club won the race to sign the Romania defender from under the noses of the Bundesliga giants.
Dragusin signed a six-and-a-half-year deal at Spurs after rejecting Bayern’s advances in a move that could eventually see Genoa receive up to £25million.
Asked if it was correct he had spurned Bayern, the 21-year-old said: “Yes, that is right.
“I chose Tottenham because I felt it was the right step for me and I had a really good conversation with the coach.
“I saw that they wanted me from a long time ago, like one month before the transfer window, so I thought this is the right choice for me.
“I really believe in this team and that it is a good environment for me to continue my career and to progress in this incredible stadium and team-mates.”
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Dragusin said it was an “incredible feeling” to make his debut as a substitute in Sunday’s 2-2 Premier League draw at Manchester United and believes exciting things are happening at Spurs.
“My dream was to play in the Premier League, so that was part of it,” he said of the decision to join Tottenham.
“I think the team here, the guys here, are on a good trajectory. I felt joining them can help me a lot.
“The sky is the limit. We hope we will be as high as possible in the league and we can then see from there.”
Dragusin says he likes “the physicality, intensity, speed and aggression” of the Premier League and is proud to be the fourth Romanian to represent Spurs.
He knows there is competition at centre-back from the likes of Cristian Romero and Micky Van de Ven but reckons that “can make each other progress and grow”.
There is certainly no chance of Dragusin being overawed by the challenge, having earned his big-money move to Tottenham after taking a step back by leaving Juventus.
The defender moved to Turin aged 16 and went on to make four first-team appearances, before being farmed out to Sampdoria, Salernitana and then Genoa in Serie B.
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The latter turned their loan into a permanent move as they were promoted last season, before the Rossoblu sold him to Spurs last week.
“I have believed in myself since the beginning and I wanted to play football,” Dragusin said.
“I understand there are a lot of sacrifices to be made and a lot of days I will be on my own training, developing, but this is my dream and I won’t stop until I reach the highest level possible in my career.”
Incoming minority owner Sir Jim Ratcliffe has told Manchester United supporter groups he is there to help take the club back to the top rather than make money.
After a frustrating, prolonged 13-month process, it was announced on Christmas Eve that the Ineos chairman had agreed to buy a 25 per cent stake from the Glazer family.
Ratcliffe receives control of football operations at the Premier League club under the terms of a deal that he told reporters he expects to be approved by mid-February.
The 71-year-old watched Sunday’s 2-2 Premier League draw with Tottenham at Old Trafford, where he returned the following day to engage with fan representatives and local leaders.
Ratcliffe met members of the club’s Fans’ Advisory Board and leaders of the Manchester United Supporters’ Trust (MUST), before holding a video meeting with the larger Fans’ Forum.
“His main message was that everything at United needs to be ruthlessly focused on creating winning teams on the field – something we are sure all fans will agree on,” MUST said.
“He also expressed the view that he views our club as a ‘community asset’ and stressed that his purpose in taking a share in United is not to make money.
“We were able to set out to Sir Jim what we think the key priorities are – a clear plan to get back to the top, putting in place a football structure with the right people in the right roles; an investment plan in both the teams and the stadium; and building a genuine and strong partnership with fans that supports success.
“We hope today’s discussion is the start of an ongoing dialogue both with Sir Jim and his team.
“We all know the journey back for our club is not a short one – and the proof of the pudding will be in the eating. But most fans agree that the signals Ineos has sent in the last few weeks are encouraging.”
The meeting with MUST lasted more than an hour, with Ratcliffe joined by Sir Dave Brailsford, the director of sport at Ineos, Jean Claude Blanc, Ineos Sport chief executive, and senior United officials.
Certain topics were off the table as the deal awaits approval, but MUST “felt he was as open as he could be within those rules”.
The trust’s chair JD Deitch posted on X, formerly known as Twitter, that it was a good meeting and that Ratcliffe’s team “get it” but “proof will be action, not words”.
A fan representative at one of the meetings told the PA news agency that Ineos made it clear the immediate priority is fixing things on the field during “really positive discussions”.
There was a sense that Ratcliffe’s team will be “able to hit the ground running” once the deal is ratified, with player trading pinpointed by Ineos as an area requiring improvement.
“I think the impression of everybody in all the meetings was it was actually amazing and unprecedented for us at Manchester United that the owner of the club spent that much time,” the fan representative said.
“More fan engagement in one day than the Glazers have done in 20 years. That’s just a fact.
“I’m sure it’s not accidental. It’s a very clear signal of a change in how the club will be and I get the sense that they are not waiting for the details of the deal to go through.
“I get the sense that the work has started already.”
After speaking to fan representatives, Ratcliffe and his team met a range of local leaders to discuss United’s role in the community and potential development of Old Trafford.
Among those in attendance were senior representatives from Trafford Council and Greater Manchester Combined Authority, including mayor Andy Burnham.
Everton and Nottingham Forest face the threat of points deductions this season after the Premier League said the clubs had confirmed they were in breach of the competition’s financial rules.
Here, the PA news agency takes a closer look.
What has happened?
The Premier League says Everton and Forest have confirmed to it that they are in breach of the competition’s profitability and sustainability rules (PSR), having incurred losses above permitted levels for the assessment period up to the end of last season. Independent commissions will now be appointed to determine the appropriate sanctions, the league said in a statement on Monday afternoon.
What are the PSR?
The intention of these regulations is to ensure clubs are run sustainably. They have been in place for over a decade. Clubs are in breach of PSR if their losses over the assessment period – usually three seasons but in this case 2022-23, 2021-22 and an average of the two Covid-affected seasons before that – exceed £105m. Losses related to investment in infrastructure spending and other areas such as youth and women’s football are “added back” and not included within the calculation of loss. Forest’s maximum permitted loss was £61m, with the threshold reduced by £22m for each season that they were in the Championship during the assessment period. Critics of PSR say the rules lock in advantage for the bigger clubs with higher revenues and prevent ambitious clubs from challenging the elite.
What have the affected clubs said?
Forest say they intend to “continue to co-operate fully with the Premier League” and that they are “confident of a speedy and fair resolution”. Everton, who are already appealing against a 10-point penalty imposed by an independent commission in November in relation to an earlier PSR breach, released a much more bullish statement which highlighted what they see as “a clear deficiency” in the league’s rules. The club are understood to feel they are the subject of ‘double jeopardy’, and that league rules do not prevent a club being sanctioned for breaches which have already been subject to punishment.
What happens now?
Clubs agreed a new expedited process to deal with PSR breaches at their most recent annual general meeting in summer 2023. Under that process, Everton and Forest have 14 days to respond to Monday’s complaint from the Premier League, and hearings must conclude within 12 weeks of the complaint being issued. The commission’s decision must be handed down within seven days of the hearing’s conclusion to allow time for the appeal process, which must be complete no later than June 1 – the point at which promoted clubs gain their Premier League ‘shares’. In Everton’s case, they say the ‘in-season’ process means they must defend the league’s complaint before the appeal against the November sanction has even been heard.
If Everton and Forest’s cases will be dealt with this season, why is the Manchester City case still rumbling on?
In simple terms, because the City case is so much more complex. Although the league announced City had been referred to an independent commission last February, the size and scope of the case means it will take much longer to resolve. Sources close to the league point out that even if a case of an equivalent magnitude happened now, since the adoption of the ‘in-season’ process, it could not be dealt with under an expedited process.
Sir Jim Ratcliffe met supporter representatives and local community leaders on Monday as he continues to await Premier League ratification of his investment in Manchester United.
Ratcliffe attended United’s 2-2 draw with Tottenham at Old Trafford on Sunday, his first appearance since the announcement of his prospective £1.3billion deal.
The Ineos chairman, who watched the game alongside Sir Alex Ferguson, has conducted a series of meetings with club staff and associates in recent days.
After meeting with leaders of the independent Manchester United Supporters’ Trust, Ratcliffe spoke with local leaders including senior representatives of Trafford Council, and Greater Manchester mayor Andy Burnham.
Ratcliffe is reportedly already planning to lead an overhaul of United’s playing squad, starting with four new players to aid Erik ten Hag’s bid to lead a belated charge for Europe.
Manchester United midfielder Hannibal Mejbri has joined LaLiga strugglers Sevilla on loan until the end of the season.
As part of the deal, Sevilla have an option to buy the 20-year-old for £20million plus a further £3m in add-ons, the PA news agency understands.
United have also included a buy-back option and a sell-on fee if he departs elsewhere.
Hannibal joined United from Monaco in 2019 and has made 10 appearances this season but is expected to find his first team opportunities limited by the imminent returns of Casemiro and Mason Mount.
Everton and Nottingham Forest are facing possible points deductions over alleged breaches of the Premier League’s financial rules.
The league issued a statement on Monday afternoon which claimed the clubs had confirmed to it that they had breached profitability and sustainability rules after incurring losses above the permitted threshold for the assessment period up to and including the 2022-23 season.
Both cases have now been referred to the chair of the independent judicial panel, who will appoint separate commissions to determine the appropriate sanction, the league said.
The clubs could face points penalties, with Everton having been docked 10 points last November over an earlier PSR breach. That sanction is the subject of an appeal.
The league’s statement, which came shortly after each club had released their own statements acknowledging a referral, read: “Everton FC and Nottingham Forest FC have each confirmed to the Premier League that they are in breach of the league’s Profitability and Sustainability Rules (PSR).
“This is as a result of sustaining losses above the permitted thresholds for the assessment period ending season 2022-23.
“In accordance with Premier League rules, both cases have now been referred to the chair of the judicial panel, who will appoint separate commissions to determine the appropriate sanction.
“Commissions are independent of the Premier League and member clubs. The proceedings are heard in private with the commissions’ final decisions made public on the Premier League’s website. The league will make no further comment until that time.”
Everton issued a statement which read: “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 (201920, 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 same financial periods for which it has already been sanctioned, before that appeal has even been heard. The club takes the view that this results from a clear deficiency in the Premier League’s rules.
“Everton can assure its fans that it will continue to defend its position during the ongoing appeal and, should it be required to do so, at any future commission – and that the impact on supporters will be reflected as part of that process.”
Forest’s statement read: “Nottingham Forest acknowledges the statement from the Premier League confirming that the club has today been charged with a breach of the league’s Profitability and Sustainability Rules.
“The club intends to continue to co-operate fully with the Premier League on this matter and are confident of a speedy and fair resolution.”
The clubs have been contacted by the PA news agency over the Premier League’s assertion that they have confirmed they are in breach of the rules.
Everton and Nottingham Forest have confirmed to the Premier League that they are in breach of the competition’s financial rules, the league has said.
The league issued a statement on Monday afternoon which stated the clubs had confirmed to it that they had breached profitability and sustainability rules (PSR) after sustaining losses above the permitted threshold for the assessment period up to and including the 2022-23 season.
Both cases have now been referred to the chair of the independent judicial panel, who will appoint separate commissions to determine the appropriate sanction.
The clubs could face points penalties, with Everton having been docked 10 points last November over an earlier PSR breach. That sanction is the subject of an appeal.
The league’s statement, which came shortly after each club had released their own statements confirming a referral, read: “Everton FC and Nottingham Forest FC have each confirmed to the Premier League that they are in breach of the league’s Profitability and Sustainability Rules (PSR).
“This is as a result of sustaining losses above the permitted thresholds for the assessment period ending season 2022-23.
“In accordance with Premier League rules, both cases have now been referred to the chair of the judicial panel, who will appoint separate commissions to determine the appropriate sanction.
“Commissions are independent of the Premier League and member clubs. The proceedings are heard in private with the commissions’ final decisions made public on the Premier League’s website. The league will make no further comment until that time.”
Everton and Nottingham Forest have confirmed to the Premier League that they are in breach of the competition’s financial rules, the league has said.
The league issued a statement on Monday afternoon which stated the clubs had confirmed to it that they had breached profitability and sustainability rules (PSR) after sustaining losses above the permitted threshold for the assessment period up to and including the 2022-23 season.
Both cases have now been referred to the chair of the independent judicial panel, who will appoint separate commissions to determine the appropriate sanction.
The clubs could face points penalties, with Everton having been docked 10 points last November over an earlier PSR breach. That sanction is the subject of an appeal.
The league’s statement, which came shortly after each club had released their own statements confirming a referral, read: “Everton FC and Nottingham Forest FC have each confirmed to the Premier League that they are in breach of the league’s Profitability and Sustainability Rules (PSR).
“This is as a result of sustaining losses above the permitted thresholds for the assessment period ending season 2022-23.
“In accordance with Premier League rules, both cases have now been referred to the chair of the judicial panel, who will appoint separate commissions to determine the appropriate sanction.
“Commissions are independent of the Premier League and member clubs. The proceedings are heard in private with the commissions’ final decisions made public on the Premier League’s website. The league will make no further comment until that time.”
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