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ALL POSTS TAGGED "Financial Fair Play" - Page 2

News

/ 194 days ago

Premier League clubs consider axing PSR in favor of luxury tax

Premier League officials are reportedly considering getting rid of financial restrictions now in place. Current Profit and Sustainability Rules (PSR) state that teams cannot exceed $133 million in losses over three years. The law has seen Everton and Nottingham Forest both receive points penalties throughout the current campaign. Other clubs, such as Chelsea and Newcastle, […]

News

/ 195 days ago

Brighton sets record profit as other EPL clubs fear FFP charges

Brighton has posted a post-tax profit of about $154 million for the 2022/23 financial year. The impressive figures are the highest profit of any club in Premier League history. Across the continent, only Barcelona ($378 million) previously recorded higher profits than the Seagulls. However, the Catalan club essentially did everything it could to increase revenue […]

News

/ 198 days ago

Serious trouble? Chelsea to sell captain to comply with FFP rules

As part of their plan to stabilize their Financial Fair Play status, Chelsea will be selling key players this summer. When the summer transfer window rolls around, the Blues will likely be among the most active Premier League teams. Their manager Mauricio Pochettino is in a rush to make a change, as he needs players […]

News

/ 207 days ago

City and Chelsea braced for maximum fine for FFP breaches

There is a strong chance that Chelsea and Manchester City will get harsher fines than Everton and Nottingham Forest next season. Since its implementation, Financial Fair Play has been a heated subject in English football. Two teams have already faced point deductions for FFP violations in the 23/24 season. The criteria used to determine the […]

News

/ 207 days ago

Premier League hits Leicester City with latest FFP charge

The Premier League charged Leicester City for breaching profitability and sustainability rules (PSR). The Foxes will now have to face the charges in front of an independent panel. This comes as the club currently features in the Championship after dropping from the top flight in May 2023. Nevertheless, officials claim that the East Midlands side […]

News

/ 211 days ago

Nottingham Forest suffers four-point drop to fall into bottom three

The Premier League issued Nottingham Forest a points deduction on Monday that immediately sends the club into the relegation zone. The four-point slash comes as a result of Forest breaching the Profitability and Sustainability Rules (PSR) that protect financial fair play (FFP). Premier League authorities noted that Forest's losses came from exuberant spending upon the […]

News

/ 222 days ago

Chelsea financial losses reach $115 million to flirt with FFP

Chelsea has become the latest Premier League side to report heavy losses for the most recent financial year. Everton has already been charged twice for breaching the league's profit and sustainability rules. The Toffees were docked six points and may soon face another penalty. Nottingham Forest was previously charged with similar violations as well. Aston […]