‘They Are Close’ – Stefan Borson drops strong Nottingham Forest points deduction verdict

After their prior violation, Nottingham Forest will most likely be near the profit and sustainability (PSR) limit once more this season.

The club has a “very big” pay expense in relation to their total earnings, according to financial analyst Stefan Borson, who spoke exclusively to Football Insider.
Last season, Forest received a four-point deduction after the Premier League accused them of a spending violation. During a rolling three-year period, top-flight teams are only allowed to lose £105 million.
Nuno Espirito Santo’s team was thought to be near the 2023–24 limit, but they were guaranteed not to exceed the restrictions again thanks to the last-minute sales of Odysseas Vlachodimos, Orel Mangala, and Moussa Niakhate prior to the June 30 accounting deadline.

Forest’s latest accounts for 2022-23 revealed their revenue reached a club-record £155million, while their wage bill stood at £145million.

Nottingham Forest will be close to PSR limit

Borson insisted the club will likely be close to the limit again this season due to their previous financial results.

“I still think it must be quite tight on PSR,” Borson told Football Insider.

“I haven’t done the numbers, but they did breach for 2022-23 and we know for 2023-24 they were right on the edge.

“I am sure they were the right side of it, but it was only after selling the goalkeeper Vlachodimos to Newcastle for £20million.

“That somehow gave them a profit on a player that barely ever played for them and was 30.

“People can judge what was going on with that deal, but that got them through.

“The bottom line is, they were close for 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.”