Nottingham Forest's recent winning streak, which includes victory over Manchester United, is now being overshadowed by FFP breach concerns.
Taiwo Awoniyi’s Nottingham Forest recent on-pitch success is being overshadowed by off-pitch financial concerns. The club, now under the guidance of Nuno Espirito Santo, former Wolves coach, has hit a purple patch, securing back-to-back victories against formidable opponents Newcastle and Manchester United. However, their resurgence is now under the scanner due to potential financial fair play (FFP) violations.
Financial Fair Play Woes for Nottingham Forest
Nottingham Forest, the team of Taiwo Awoniyi and Ola Aina, is in a precarious position regarding the English Premier League's financial fair play rules. Reports from The Athletic indicate that all Premier League clubs will soon find out if they have breached the league’s profitability and sustainability regulations (PSRs).
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01:42 - 23.12.2023
How Awoniyi's injury caused Cooper's sacking at Nottingham Forest
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The league's governing body accelerated the timeline for clubs to submit their financial accounts for the 2022/2023 season to December 31, 2023, instead of the usual March 2024 deadline. This change means that any breaches could result in immediate penalties, including fines or point deductions.
The Cost of Ambition: Forest's Financial Dilemma
Since their promotion to the top flight under Steve Cooper, Nottingham Forest have been active in the transfer market, bringing in a staggering forty-two players. This aggressive recruitment strategy necessitated the sale of star player Brennan Johnson to Tottenham Hotspur for £47.5 million.
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However, despite this high-profile sale, the club's financial health remains a concern. They reported an annual loss of £45.6 million, totalling £136.8 million over three years, significantly higher than the permitted £105 million loss over the same period.
The club's situation is further complicated by their recent stint in the top flight, which restricts their permissible losses to £61 million. This figure includes £13 million for the two seasons they spent in the Championship (2020-21 and 2021-22) and £35 million for their first season back in the Premier League.
As the EPL's governing body deliberates, the football community awaits to see if Nottingham Forest will be allowed to appeal or face stringent penalties, akin to the ten-point deduction Sean Dyche’s Everton faced earlier this season for their FFP breach.
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