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Financial Rules

All articles tagged with #financial rules

sports1 year ago

Man City Takes Legal Action Against Premier League

Manchester City has initiated legal action against the Premier League, challenging the Associated Party Transaction rules as unlawful and discriminatory against Gulf ownership. The club argues that sponsors should have the freedom to decide payment amounts without independent verification. This legal move comes as City faces 115 charges for allegedly breaching Premier League financial rules, with a hearing set for November. If found guilty, potential punishments include fines, points deductions, or expulsion from the league.

via ESPN|
#financial-rules#legal-action#manchester-city
sports1 year ago

"Everton Hit with Second Two-Point Deduction for Financial Rule Breach"

Everton has been docked two more points in the Premier League due to financial rule breaches, pushing the team closer to the relegation zone with seven games left. This latest deduction drops Everton to 16th place, just two points above the relegation zone, after already receiving a six-point penalty earlier. The club's overspending in the past three seasons has led to these sanctions, putting their 68-year stay in the top division at risk.

via NBC News|
#everton#financial-rules#points-deduction
sports1 year ago

Everton Hit with Second Two-Point Deduction for Financial Rule Breach

Everton has been handed a two-point deduction for breaching the Premier League’s financial rules, marking their second penalty of the season. The penalty drops them to 16th in the standings, just two points above the relegation zone. The club plans to appeal the decision, citing concerns about the inconsistency of different commissions in respect of points deductions applied. The Premier League has introduced new guidelines aimed at fast-tracking PSR decisions to ensure timely punishments for breaches, and Everton's financial plight has been laid bare in their latest losses.

via The Athletic|
#appeal#everton#financial-rules
sports1 year ago

"Nottingham Forest's Financial Woes and Premier League's FFP Crackdown Unveiled"

The Premier League has handed Nottingham Forest a four-point penalty for breaching financial rules, dropping the club to 18th place on the table. The vague and inconsistent nature of the punishments, as well as the lack of clear guidelines for penalties, has raised questions about the league's approach. The disparity in penalties between Forest and Everton, as well as the ongoing financial violations of clubs like Manchester City and Chelsea, has led to concerns about fairness and the effectiveness of the league's financial regulations.

via Defector|
#everton#financial-rules#nottingham-forest
sports1 year ago

"Nottingham Forest Slips into Relegation Zone After Four-Point Deduction for Financial Rules Breach"

Nottingham Forest has been deducted four points for breaching the Premier League’s financial rules, dropping them to 18th place. This comes after the club reported losses exceeding the allowed amount over a three-year period. Everton also faced a points deduction earlier this season. Forest have 14 days to appeal the decision, and the Premier League has set a backstop date for any appeal. The club's argument centers around the sale of Brennan Johnson to Tottenham Hotspur. This is the third case of a Premier League club facing action for breaching financial rules, with Manchester City and Chelsea also under investigation.

via The Athletic|
#financial-rules#nottingham-forest#points-deduction