Nottingham Forest are reportedly in hot waters as they are facing Financial Fair Play (FFP) charge this month after spending heavily in the transfer market.
The Premier League have implemented a new system that deals with penalties levied against clubs that violate the financial regulations and deduct points as needed.
This season, Everton have already been severely punished The Toffees were docked ten points for failing to follow the Premier League’s financial regulations.
According to The Times as reported by CaughtOffside, Nottingham Forest may be the next club to be charged for reckless transfer market spending.
After being promoted to the Premier League in 2022, Forest made significant financial investments. They might have violated the profit and sustainability rules (PSR).
The Premier League’s new fast track system ensures that clubs present their 2022–2023 accounts by December 31 and that any infractions are reported by January 14.
If clubs are found guilty, they will have two weeks to respond to the charges before an impartial panel holds a hearing by April 8.
It is expected that Premier League clubs and their legal departments will have resolved their appeals by the end of the current season.
According to PSR, teams may lose up to £105 million in a rolling three-year period, or £35 million every season.
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In the last two days of the previous transfer window, Forest signed eight players. In the summer transfer window before that, they signed 22 players.
Additionally, according to The Times, Forest declined to comment when contacted.
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