After their prior breach, Nottingham Forest will almost probably be near to the profit and sustainability (PSR) limit this season.
That is according to finance expert Stefan Borson, who exclusively told Football Insider that the club’s payroll expenditure is “very large” in comparison to its entire earnings.
Forest received a four-point deduction last season after being charged with a spending violation by the Premier League, which allows top-flight teams to lose £105 million over a rolling three-year period.
Nuno Espirito Santo’s side was thought to be nearing the maximum for 2023-24, but last-minute sales of Odysseas Vlachodimos, Orel Mangala, and Moussa Niakhate before the 30 June accounting deadline meant they didn’t break the restrictions again.
Forest’s latest records for 2022-23 revealed a club record revenue of £155 million, with a wage bill of £145 million.
Nottingham Forest will be close to their PSR limit.
Borson insisted that the club’s prior financial results would likely push them near to the limit again this season.
“I still think it must be quite tight on PSR,” Borson explained to Football Insider.
“I haven’t run the figures, but they did breach in 2022-23, and we know they were close in 2023-24.
“I am sure they were on the right side of it, but only after selling goalkeeper Vlachodimos to Newcastle for £20 million.”
“That somehow netted them a profit on a player who had rarely ever played for them and was 30.
“People can assess what was going on with that transaction, but it got them through.
“The basic line is that they were close in 2023-24.
“If you were close for 2023-24, then you are almost certainly close for 2024-25 because they have got a very big wage bill relative to their revenue.”
