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Manchester United and Manchester City will be informed which clubs have breached the Premier League’s financial rules following an update to the rules.
Top-flight clubs are now required to submit their cash accounts for the previous season by December 31, and so both United and City were required to hand in their reports for the 2022/23 campaign on New Year’s Eve.
The Premier League has followed its new formula so that undeniable breaches of its profit and sustainability rules can be addressed on a more temporary basis and sanctions can be imposed during the current season. The 115 allegations against City, which the club strongly denies, are not thought out. as “simple”.
READ MORE: Where is the entire Premier League with FFP in January
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The accusations levelled at the Blues last February relate to matters over a nine-year period and a conclusion is not expected for some time. Any charges that would be brought forward on Monday would be separate from the initial batch of allegations.
Everton were the first Premier League club to be found guilty of the Premier League’s existing sustainability and profit rules, which first came into force in the 2013/14 season.
Despite being banned last season, Everton only suffered their 10-point penalty in November of the current campaign. The club considers that the sanction was “unfair” and disproportionate and therefore appealed.
The new regulations have been designed so that cases like this do not happen again, in which a club found guilty in one crusade is not sanctioned until the next.
Meanwhile, Everton could be punished further this season with reports suggesting they will breach the Premier League’s Financial Fair Play rules this month. Premier League clubs can only lose £105 million over a three-year period, with the threshold being declining for clubs that were in the league that period.
Nottingham Forest also fall into this category, with the most recent accounts referring to their first year in the top flight and their last two in the league. At this level, clubs are limited to a loss of just £15m per season. to £35 million for the Premier League.
Elsewhere, United officials have said they are keen not to spend too much money for fear of breaching FFP rules, and Erik ten Hag will likely have to turn to the loan market for a second winter window. Chelsea are being investigated for possible financial violations under the leadership of former owner Roman Abramovich, but they were not charged on Monday.
FFP regulations were first introduced through UEFA in 2009 after a report found that most European clubs were recording losses that threatened insolvency. This prompted the Premier League to stick to demand and plan its own monetary parameters soon after.
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