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An independent Commission has applied an immediate four-point deduction to Nottingham Forest FC for a breach of the Premier League’s Profitability and Sustainability Rules (PSRs) for the period ending Season 2022/23.

The Club admitted that it breached the relevant PSR threshold of £61 million by £34.5 million. The threshold applicable to the Club was lower than the usual £105 million as the Club had spent two seasons of the assessment period in the EFL Championship.

The case was heard in accordance with the new “standard directions”, which provide for an expedited timetable so that PSR cases can be resolved in the same season the complaint is issued.

A hearing took place on 7-8 March, at which the Club advanced various mitigating factors. The Commission rejected most of these but found that the club had demonstrated “exceptional cooperation” in its dealings with the Premier League throughout the process.

Jane Mulcahy KC and Mark Vinall (instructed by Linklaters) acted for the Premier League; Nick De Marco KC and Tom Leary (instructed by Squire Patton Boggs) acted for the Club.

The Commission’s decision can be read here.

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