In March, Forest dropped into the Premier League’s relegation zone after the initial points deduction.
The Premier League’s profit and sustainability rules permit clubs to lose £105m over three seasons – or £35m per campaign – but Forest’s maximum loss was limited to £61m as they spent two years of the assessment in the Championship.
The club’s net transfer spend in the 2022-23 season was £142.8m. They lost an average of £3m across 2020 and 2021 with a further £40m loss in 2022 and £52m in 2023, amounting to a total of £95m.
Forest had been due to receive a six-point deduction – three points for the initial breach and a further three for the size of the breach – but their “early plea” and “cooperation” saw the ban reduced to four points.
