Get the latest Reds move news, team news, tweak updates and investigations delivered straight to your inbox
We have newsletters
Get the latest Reds move news, team news, tweak updates and investigations delivered straight to your inbox
We have newsletters
It has been revealed that Nottingham Forest and their Premier League rivals could face sanctions in the football arena if they try to close sponsorship deals or explore player transfers with clubs or organisations related to their owners.
Forest, owner of Evangelos Marinakis, who has been at the helm of the club since the spring of 2017, is partnering with the Greek businessman’s other foreign clubs, including Olympiacos, who are serial champions in their country, and Rio Ave in Portugal.
The original rules, which have been revised and are now stricter than before, were put in place to prevent top-tier clubs from increasing their revenue and bolstering their rosters directly through their owners, making sure that transfers made within clubs in the same homeownership organisation remain at market rate and for that they do not earn unfair sums. money through sponsorship.
Any club found to be in breach of the new, stricter regulations will face sanctions from the league, The Times reports. All clubs will have to take “all moderate precautions” when exploring moves for players within those ownership groups. If a club violates the regulations, an independent commission may impose any sanction it wishes, depending on the severity of the violation.
READ: Forest’s City Ground’s long-term: Negotiations stalled, leader speaks, what we know so far
READ: Resolution on forestry movement will bear fruit as its impressive shape ends debate over defenders
The reformed regulations would have caused what is described as a “bitter divide” between clubs that are part of a portfolio of owners and those that are not. Many clubs, including Manchester City and Newcastle United, voted against the regulations last month when the Premier League proposed the regulations.
The league’s handbook states that it will “seek to ensure the long-term monetary profitability of clubs by eliminating reliance on increased advertising revenue from entities connected to club ownership” and will promote “fairness among clubs, so that clubs do not gain unfair merit over internal competition by expanding profits or reducing prices through agreements with entities similar to the ownership of a club. ” club. “
Surprisingly, Forest is one of 16 Premier League teams that are part of a wider football operation; only Wolves, Tottenham, Luton and Fulham are linked to a club elsewhere. Chelsea owner Todd Boehly, for example, owns a stake in French club Strasbourg and Arsenal owner Stan Kroenke owns MLS’s Colorado Rapids.