Nottingham Forest look likely to be hit with sanctions under the Football League’s Financial Fair Play rules. They may have exceeded their maximum permitted losses of £8m for the 2013-14 season.
Accounts for the period have yet to be published, but they reported a £14m loss in 2012-13. Billy Davies, their former manager, spent £7m on players last term.
Nottingham Forest look likely to be hit with sanctions under the Football League’s Financial Fair Play rules. They may have exceeded their maximum permitted losses of £8m for the 2013-14 season.
Accounts for the period have yet to be published, but they reported a £14m loss in 2012-13. Billy Davies, their former manager, spent £7m on players last term.
They are likely to face a transfer embargo in the January window, although players could still could be signed on an one in, one in it basis, provided that the wages of the incoming player do not exceed those of the player who has left.
Football League clubs are set to meet on November 6 to vote on numerous potential changes to the way FFP rules are enforced. Many clubs are thought to favour a new set of guidelines that would fall more in line with rules implemented in the Premier League, which assess a club’s losses over a number of years, rather than just one season – although those changes may not come in to force until next summer, which could still leave Forest facing an embargo in January in the meantime.
Top flight clubs are in favour of the changes, as most believe it would be largely impossible for them to adhere to the current FFP guidelines following relegation.