Yahoo News Nottingham Forest given £20m ultimatum or risk another Premier League punishment
Nottingham Forest must reportedly raise £20m from player sales before end of play on June 30 in order to comply with the Premier League's Profit and Sustainability Rules (PSR).
In a new report by The Telegraph, new alleged details have come to light regarding the exact figure Forest must make up in roughly a two-week period. It is said that the club are currently £20m short from once again failing to stay within the limits of financial controls.
This means once the transfer window opens this Friday, June 14, they will have until end of play on June 30 to have finalised any outgoings in order to ensure they fall within the 2023/24 campaign's statements, rather than the upcoming season's. This is where they were judged to have fallen foul for the 2021/22 season, having exceeded permitted losses of £61m by £34.5m as Brennan Johnson's exit fee came too late to meet the deadline, and so a four-point deduction was put in place.
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This follows on from last week's claim by Sky Sports, part of which the club were named alongside five other top-flight teams - Aston Villa, Chelsea, Everton, Leicester City and Newcastle United - as those that are under pressure to sell and currently risk the ruling of an independent committee.
Tuesday's latest update goes on to claim that whilst Morgan Gibbs-White and Murillo are the two most-coveted Forest players in the current transfer market, they are hoping to raise the required funds by moving fringe players on. Former captain Joe Worrall, goalkeepers Matt Turner and Odysseas Vlachodimos, Lewis O’Brien, Emmanuel Dennis and Josh Bowler have all been made available ahead of the window's opening.
When that happens, Orel Mangala is also expected to become Forest's second-highest sale on record as he completes a £25m move to Lyon, having initially joined on loan on February 1. That fee has already been factored in to planning for the financial year.
Also coming as a boost, the 13 departures that have already been confirmed either as a result of contracts ending, retirement or loans expiring will free up a sizeable chunk of Forest's wage bill.
The Telegraph finally state that once this issue is resolved, the club can look to add to Nuno Espirito Santo 's squad to challenge for the 2024/25 Premier League campaign. Two goalkeepers will supposedly by signed, whilst they name soon-to-be free agent Che Adams as another being lined up for an arrival.
Prior to the end of the season, head coach Nuno said the club must learn lessons from their points deduction for breaching Profitability and Sustainability Rules. The Portuguese warned Forest must not find themselves in the same position again.
Asked what the Reds have learned from the saga, he said last month: “To not do the same mistakes. This is life. You learn from your own mistakes.”
