Nottingham Forest have failed in their appeal to have their four-point deduction for breaking financial rules in the 2022/23 season overturned.
The club were charged in January after breaching Profitability and Sustainability Rules (PSR) by £34.5m above their permitted threshold of £61m for the assessment period ending 2022/23.
Clubs are usually allowed a maximum loss of £105m over a three-year assessment period, although this is reduced by £22m per season for any seasons within the period spent in the Championship.
Forest were the second top-flight team to be penalised for PSR breaches after Everton lost 10 points in November, which was reduced to six on appeal.
The outcome of their appeal means Forest remain in 17th position, just three points clear of the relegation zone with two games remaining.
Forest had sought a reduction because they felt the original commission should have taken the sale of Brennan Johnson to Tottenham – two months after the end of the financial year ending 2023 – into account as a mitigating factor.
They also felt the original commission had made a mistake by not wholly or partially suspending the sanction.
Nottingham Forest were docked four points in March for breaching the Premier League’s financial rules
A release published on the Premier League website read: “The club argued that the independent commission committed an error in not treating its sale of a high-profile player shortly after the assessment period as a mitigating factor, and that it committed a further error in electing not to suspend some or all of the points deduction it imposed.
“Each of these grounds was rejected by the appeal board, which found the independent commission was entitled to immediately impose the sanction it did. The four-point deduction will therefore remain in place.”
Forest have decided not to comment following the appeal panel’s verdict.
Saturday 11th May 5:00pm
Kick off 5:30pm
Nottingham Forest’s remaining fixtures
May 11: Chelsea (H) – Premier League, kick-off 5.30pm, live on Sky Sports
May 19: Burnley (H) – Premier League, kick-off 4pm
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