May 16, 2024

‘High alert’ is been issued to Premier League teams because new Financial Fair Play penalties may be implemented as early as next week.

Top-tier teams will find out on Monday, January 15, if they are charged for violating FFP regulations with the introduction of a new fast-track procedure. The Telegraph claims that Premier League teams are on “high alert” in response to the revelation.

This comes after Everton were handed a 10-point deduction earlier this season for breaching profit and sustainability rules.

Everton could still face a further charge while Nottingham Forest are the club deemed most at risk after spending heavily since their promotion from the Championship in 2022. Any straightforward breaches of FFP regulations will be fast-tracked and dealt with by April, meaning any points deductions can be applied during the current 2023-24 campaign.

According to the report, both clubs are confident of avoiding any potential sanctions.

An independent verdict on Manchester City’s 115 pre-existing charges for allegedly breaching the Premier League’s financial rules remains on hold until next season. But any fresh breaches will be dealt with within 12 weeks under the new fast-track system.

Despite having the richest owners in club football in Saudi Arabia’s Public Investment Fund, Newcastle have acted relatively diligently in the transfer market to adhere to FFP guidelines. Sources inside the club have stressed that FFP remains at the forefront of their transfer strategy as they look to avoid a similar fate to Everton while building up revenue streams.

And Newcastle head coach Eddie Howe said heading into the January transfer window: “FFP is something that I’m still coming to terms with, to understand myself, I think everyone is related to the game because there are so many parts to it that are always moving.

 

“I think FFP is very active in our thoughts, we’re trying to navigate it and work around it. So we’ll wait and see.”

Since PIF’s takeover of Newcastle, the club has already spent almost £400million on permanent signings while recouping less than £50million in player sales, leaving a significant net spend as a result.

Premier League clubs will find out whether they face any charges under the new fast-track system next week.

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