Everton, Forest’s relegation opponents, are under increasing pressure as their losses doubled, leading to the most recent FFP charges.
Nottingham Forest was forced to play in the bottom three after receiving a four-point punishment for breaking the Premier League’s Profitability and Sustainability criteria. However, their 1-1 draw with Crystal Palace on Saturday helped them escape the drop zone.
However, the race to avoid playing Championship football the next season is still extremely close; 17th-placed Forest is just ahead of Luton Town on goal differential. As a result, subsequent point penalties may still have a significant impact on who advances and who fails.
As a result, Forest supporters who want to see every advantage possible for their side will find it interesting to examine Everton’s most recent financial accounts.
The Toffees might yet face punishment after receiving a six-point suspension this season, which was lowered from ten on appeal. Therefore, their three-point lead over Forest could yet disappear, giving the Reds a huge advantage in their struggle to survive.
Released during Sunday’s high-profile Premier League match between Manchester City and Arsenal, Everton’s 2022–2023 season financial statements revealed the club lost £89.1 million, a significant increase from the £44.7 million they lost in 2021–2022—the season for which they were first penalized.
Everton’s second suspected PSR breach was sparked by the most recent numbers, which span the year until the end of June 2023. As a result, the club appeared before an independent panel for three days last week. Before April 8, they are expected to find out their fate.
The club explained away the higher losses by pointing to the permanent suspension of sponsorship agreements with important business partners, although the financial records also reveal significant expenditures on the club’s new stadium. Over £449 million had been invested on the 52,888-seat stadium as of last June.
Everton’s turnover decreased by £9 million to £172.2 million, but their net debt skyrocketed to £330.6 million from £141.7 million. Even though wages decreased from £162 million to £159 million, they still made up 92% of the club’s revenue.
On the field, Forest will host Fulham on Tuesday (7.30 p.m. kickoff) in an attempt to climb out of the bottom three and record only their second league victory since the start of the year, while Everton will go to Newcastle United (7.30 p.m.) in a difficult match. Meanwhile, Luton Town visits title-chasing Arsenal on Wednesday at 7.30 p.m.