Everton and Nottingham Forest are facing accusations of violating financial regulations set by the Premier League.

Nottingham Forest and Everton have found themselves in hot water as they have been charged with breaching the financial rules of the Premier League. The league’s Profit & Sustainability Regulations (PSR) dictate that clubs cannot incur losses exceeding £105 million over a three-year period.

In an official statement on the Premier League website, it was announced, “Everton FC and Nottingham Forest FC have each confirmed to the Premier League that they are in breach of the league’s profit & sustainability rules (PSR). This is as a result of sustaining losses above the permitted thresholds for the assessment period ending Season 2022/23.”

According to Premier League rules, both cases have been referred to the chair of the judicial panel, who will appoint separate commissions to determine the appropriate punishment. These commissions operate independently of the Premier League and its member clubs. The proceedings are conducted privately, with the final decisions made public on the Premier League’s website.

Both clubs have responded to the charges with official statements on their respective websites.

Everton has argued that they are being charged for a period they have already faced consequences for, which resulted in a 10-point deduction. The club is currently appealing that decision. In their statement, Everton wrote, “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 (2019/20, 2020/21, and 2021/22) for which the club has already received a 10-point sanction.” The club further expressed their dissatisfaction with the lack of guidelines preventing them from being punished for alleged breaches in financial periods that have already faced penalties, unlike other governing bodies such as the EFL. Everton finds itself in a position where they have had no choice but to submit a PSR calculation that remains subject to change pending the outcome of their appeal.

Nottingham Forest, on the other hand, has stated that they will fully cooperate with the Premier League. The club acknowledged the charges and expressed confidence in a swift and fair resolution.

It remains to be seen how these cases will unfold, but both clubs are determined to defend their positions and ensure that the impact on their supporters is taken into account throughout the process. The Premier League’s commitment to dealing with such matters “in-season” has put Everton in the challenging position of defending themselves against a complaint that covers the same financial periods for which they have already been sanctioned, even before their appeal has been heard.