Sports

Nottingham Forest Gets Four-point Deduction For Breaching Premier League Financial Rules

Super Eagles striker Taiwo Awoniyi is expected to redouble his goal-scoring exploits as his club, Nottingham Forest are in serious danger of getting relegated this season, reports Prime Business Africa.

The Premier League strugglers have been docked four points for breaching Premier League profit and sustainability rules.

An independent commission established by the football ruling body in the UK on Monday found Forest’s losses to 2022-23 breached the threshold of £61m by £34.5m.

The consequences of losing the points means Taiwo Awoniyi’s club have now dropped below Luton Town into the murky Premier League’s relegation waters.

Following the announcement, Forest said they are “extremely disappointed” with the decision, which they say “raises issues of concern for all aspirant clubs”.

A club statement read: “After months of engagement with the Premier League, and exceptional cooperation throughout, this was unexpected and has harmed the trust and confidence we had in the Premier League.”

Forest are 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.

READ ALSO: The Big Money Probe: What Lies Ahead For Man City As Relegation From Premier League Haunts Treble Kings? 

The City Ground club, who are likely to appeal against the ruling, had a hearing on 7-8 March.

Premier League clubs can lose £105m over three seasons – £35m per campaign – but Forest’s maximum loss was only permitted to be £61m because they spent two years of the assessment period in the Championship.

Izuchukwu Okosi

Izuchukwu Okosi is a Nigerian sports and entertainment journalist with two decades of experience in the media industry having begun his media journey in 2002 as an intern at Mundial Sports International (MSI) and Africa Independent Television (AIT), owners of Daar Communications Plc. In October 2004, Okosi joined Complete Communications Limited, publishers of Complete Sports newspaper and Complete Football magazine as a reporter and later script writer for the Complete Sports studio. He worked there for 13 years until October 2017. Okosi also worked various times as Correspondent, Content creator and Editor at Sports Market International Magazine, Opera News, All Nigeria Soccer Media and Iconic Media Watch. He also undertook freelance writing gigs for some local and international organizations. Okosi is a member of the Actors Guild of Nigeria (AGN), Association of Movie Producers (AMP), Association of Voiceover Artistes of Nigeria (AVOA), Sports Writers Association of Nigeria (SWAN) and Nigeria Union of Journalists (NUJ). He has been part of cast in some Nollywood movies and radio dramas including Blood Money 2, Scores To Settle, Dead End 2, Another Campus Tale and Battle Line. Aside mainstream media and the entertainment industry, he has interests in scouting/unearthing of talents in the sports and creative sectors, exports business and property development.

Recent Posts

EFCC Seeks CSOs’ Stronger Partnership In Fight Against Corruption

The Economic and Financial Crimes Commission (EFCC) has reiterated its call for increased collaboration with… Read More

14 mins ago

NNPC: Nigerian Govt Plans Fresh Audit On N2.7tn Fuel Subsidy Claims

The Nigerian National Petroleum Company Limited (NNPCL) is under scrutiny once again as the Federal… Read More

3 hours ago

EFCC Urges Youth To Shun Internet Fraud

The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ola Olukoyede, has… Read More

3 hours ago

NUPENG Defies Court Order, Continues Illegal Dues Collection At Dangote Refinery

The leadership of the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has been… Read More

3 hours ago

IRC Raised The Alarm Over Humanitarian Crisis in Northwest Nigeria: 10,000 Displaced, 92 Dead In 2 Months

The International Rescue Committee (IRC) has expressed deep concern over the worsening humanitarian situation in… Read More

4 hours ago

Equity Market Maintains Stability Despite Previous Downturn

Nigeria's equity market held steady today, following a two-day period of declines. The Nigerian Exchange… Read More

5 hours ago

This website uses cookies.