Nottingham Forest point deduction appeal rejected

Key Facts

FOREST POINT DEDUCTION APPEAL REJECTED BY INDEPENDENT BOARD * Tom Hamilton, Senior WriterMay 7, 2024, 06:04 AM ET Close • Joined ESPN in 2011 • Covered two Olympics, a pair of Rugby World Cups and two British & Irish Lions tours • Previously rugby editor, and became senior writer in 2018 REACTIONS Nottingham Forest have had their appeal against a four-point deduction rejected, the Premier League confirmed on Tuesday.
The club were hit with a four-point deduction in March after they were found to have breached Profit and Sustainability Rules (PSR).
"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," the Premier League said.
The rules apply differently to Forest, owing to the fact that they were in the second-tier Championship until 2022, where clubs are permitted a maximum loss of £39m ($49.6m) across three seasons or £13m ($16.6m) per season, meaning their permissible losses over the last three campaigns would add up to £61m ($77.7m).