Premier League clubs have voted in favour of developing plans to introduce a spending cap. Sixteen clubs approved proposals for the Premier League to complete the final economic and legal analysis needed to create a spending-cap model. The model if voted through it would replace the current Profit and Sustainability Rules (PSR) from the 2025-26 season onwards.
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Everton have been deducted two points for a second breach of Premier League financial rules. Profit and sustainability rules (PSR) permit clubs to lose £105m over three years and an independent commission found Everton breached that by £16.6m for the three-year period to 2022-23. They drop one place to 16th and are now two points above the relegation zone.
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Nottingham Forest have lodged an appeal against their four-point deduction for breaching Premier League profit and sustainability rules, the club has confirmed. An independent commission found Forest’s losses to 2022-23 breached the threshold of £61m by £34.5m. The loss of points has placed Forest into the relegation zone in 18th place, one point behind Luton Town.
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Leicester City have been charged by the Premier League with allegedly breaking spending rules during their last three seasons in the top flight. Leicester have been referred to an independent commission for breaching profit and sustainability rules (PSR) and failing to submit audited finances. If found guilty the Championship high-flyers could face a points deduction.
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Nottingham Forest have been docked four points for breaching the Premier League’s profit and sustainability rules. The deduction drops Forest into the Premier League’s relegation zone, leaving them 18th with nine games to play. Forest admitted a breach by £34.5million above their permitted threshold of £61million.
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