Tue 26 March 2024 | 9:39

Challenges of managing financial crises in English football

Nottingham Forest Club strategies after deducting points in the Premier League

Nottingham Forest English club submitted an appeal on Monday today, but this step did not come without deep thinking and understanding of the difficult situation it fell into, after four points were deducted from its balance in the Premier League “Premier League” due to its violation of financial rules. This action came as a severe shock to the team and its loyal fans, who were looking forward to a season full of successes and achievements.

The club announced in a statement published on its official website that it had filed an appeal against the penalty imposed on it, confirming the club’s violation of the profitability and sustainability rules in the English Premier League. While the team is working to confront this crisis, it finds itself forced to review its financial strategy and reconsider the policies that led to these violations.

Four points were deducted from Nottingham’s balance on March 18th in the local league after acknowledging the breach of the profitability and sustainability rules threshold by an amount of 61 million pounds sterling (77.5 million dollars), by an amount of 34.5 million pounds sterling. This is a very large amount that embodies the size of the mistake made by the club, which requires it to conduct a comprehensive re-evaluation of its financial management and its policies.

Nottingham became the second team in the Premier League to be subjected to disciplinary actions due to these violations, after Everton was penalized 10 points in November, but it was reduced to 6 points after the appeal. This reflects the size of the financial conflicts that are sweeping the Premier League clubs, and the need to tighten control and inspection on the clubs to ensure the implementation of laws and maintain the integrity of competition.



source: SportMob

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