Tag

Psr Breach

All articles tagged with #psr breach

sports1 year ago

"Premier League Charges Leicester City for Alleged Financial Breaches"

Leicester City has been referred to an independent commission by the Premier League for an alleged breach of profit and sustainability rules (PSR) during the 2022-23 season, which saw them relegated from the Premier League. The club has expressed disappointment with the decision and is prepared to defend itself. This comes as the third PSR breach charge this season, with Everton and Nottingham Forest also facing similar allegations. Leicester's financial situation and compliance with PSR rules are under scrutiny, with potential implications for their future in the Championship.

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.