Where are Man City and Chelsea? The Premier League Guillotine Claims a New Victim
Chelsea's management is eagerly awaiting, in the next two weeks, the club's stance on the aggressive campaign launched by the Premier League against the English Premier League clubs regarding the breach of Financial Fair Play rules.
Reports reveal that Chelsea is likely to avoid direct sanctions (point deductions) regarding the violation of Financial Fair Play rules in the Premier League.
The reports indicate that Nottingham Forest and Everton are the most at risk, as all twenty clubs submitted their accounts for the 2022/23 season by December 31 last year, with charges announced by January 14.
Everton had already received a decision to deduct 10 points from their tally in November, which the club appealed against. However, Nottingham Forest is believed to face a similar risk due to their significant spending after their promotion to the English Premier League.
Under the general participation conditions, clubs are allowed to incur a maximum loss of £105 million over a renewable 3-year period. This means that Nottingham Forest has a loss limit of only £61 million, with £13 million for each of the 2020/21 and 2021/22 seasons, in addition to the usual £35 million for Premier League clubs after promotion.
Football finance expert Kieran Maguire believes that Nottingham Forest is the team most at risk of point deduction, stating to a newspaper: "Nottingham Forest was within the Financial Fair Play limits when promoted to the Premier League."
With Everton already facing penalties in November and the possibility of a repeat with Nottingham Forest by early April, many will wonder why clubs like Chelsea and Manchester City, which were under investigation, have not yet disclosed the results of their investigations.