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Everton and Nottingham Forest face penalties for financial rule breaches

Nottingham Forest's team players hug at City Ground in Nottingham, England, Saturday, Dec. 30, 2023. (AP Photo/Rui Vieira)

Everton and Nottingham Forest, two prominent football clubs in the English Premier League, are facing potential sanctions for breaching the league's financial regulations. The breach pertains to the profitability and sustainability rules set by the competition, which allow clubs to incur a maximum loss of £105 million ($133 million) over a three-year period.

The repercussions for violating these regulations can include fines or points deductions, which could have immediate implications on the current season. Everton, already grappling with a record 10-point deduction for overspending in the previous three-year cycle, has appealed the severity of the punishment. This deduction has plunged the club into the relegation battle, with Everton currently positioned fourth-to-last in the standings, just one point and one spot above the dreaded relegation zone.

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