A Forest spokesman has said: “The club has fully complied with its reporting obligations in respect of the Premier League’s revised profit and sustainability rules. Promotion to the Premier League will always create challenges, and the treatment of promotion bonuses is just one such example. The club approaches all such challenges with its long-term financial sustainability firmly in mind, as the Premier League rules intended.”
All clubs had to submit their accounts for 2022/23 by December 31 — rather than in March as they had previously — with any breaches and subsequent charges set to be confirmed 14 days later. Any club that is charged will have a two-week period to respond.
A hearing by an independent commission must then be completed by early April with any appeal process to follow. The change of system is designed to ensure any basic breaches of the regulations are dealt with in time for punishments – such as points deductions – to be confirmed in the same season.
The Premier League have listed Friday, May 24 as a backstop date for any appeal which comes after the season ends on May 19. This date comes ahead of the league’s annual meeting.
Therefore, teams who are appealing against potential points deductions could complete the season not knowing their final league position or even what division they may be playing in the following season. Under current PSR rules, clubs are allowed to lose a maximum of £105m over three seasons, but certain costs can be deducted, such as investment in youth development, infrastructure, community and women’s football.