Nottingham Forest

Today, Forest is anticipated to face charges related to financial violations.

Published

11 months ago

January 15, 2024

Nottingham Forest are expecting today (Monday 15 January) to hear that they have been referred to an independent commission over breaching rules designed to keep Premier League transfer spending in check.

Under the rules, Premier League Clubs can make a rolling loss of £105m over three seasons. Forest would be limited to losses of £61m – £13m for 2020/21 and 2021/22 seasons when they were in Sky Bet Championship, plus £35m for last season.

Although Forest are thought to have prepared a strong defence case, if they are found guilty of breaking the rules, a fine or points deduction will follow.

According to The Athletic, the City Ground club’s permitted losses are lower than the £105m limit because they were in the Football League over a period of the accounting period. Forest’s ceiling figure is £61m. These losses are £13m for the 2020-21 and 2021-22 seasons when they were in the Championship, added to £35m for last season, when the club was back playing in the Premier League.

Forest are likely to use the £47.5m sale of Brennan Johnson as mitigation in their case. The club has spent £250m on new players since being promoted to the Premier League.

The team are currently in 15th place in the league, four points above the relegation zone.