Sports

Premier League rules on profitability and sustainability were violated by Everton and Nottingham Forest

Published

4 months ago

2024-01-15

Rayuf

Premier League rules on profitability and sustainability were violated by Everton and Nottingham Forest

(VORNews) – Everton and Nottingham Forest have violated Premier League rules regarding profitability and sustainability. Everton and Nottingham Forest could face penalties or point deductions if the breaches are proven.

The total allowable loss for Premier League teams over three years is £105 million, or £35 million per season. Forest was granted a maximum loss of £61 million since they spent two seasons in the Championship during the most recent assessment period.

The Premier League fined two teams for “sustaining losses above the permitted thresholds for the assessment period ending season 2022/23,” the league announced on Monday. Separate panels will review both cases before deciding on the best course of action.

Both Everton and Nottingham Forest have been given 14 days to formally respond to the accusations. There is a possibility of penalties or point deductions for the teams if new violations are established.

In November, Everton docked 10 points—the largest sanction in the history of the league—which the Toffees called “wholly disproportionate and unfair.”. For their overspending in the three years up to the end of the 2021–22 season, the club has already appealed against the severity of that punishment.

Regarding the most recent accusation, Everton stated that the violation pertains to a time frame that encompasses the 2019–20, 2020–21, 2021/22, and 2022–23 seasons.

The club stated that it encompasses the 2019–20, 2020–21, and 2021/22 fiscal years, for which Everton has already been penalized with a 10-point deduction.

‘Clear deficiency in Premier League’s rules’

In contrast to other regulatory organizations, such as the English Football League (EFL), the Premier League does not have regulations that prohibit a club from being punished for suspected violations in financial periods that have already been punished, according to the statement released by the Toffees.

“As a result, and because of the Premier League’s new commitment to deal with such matters ‘in-season’, the club is in a position where it has had no option but to submit a PSR [profit and sustainability rules] calculation that remains subject to change, pending the outcome of the appeal.”

According to them, “The club must now defend another Premier League complaint, that includes the very same financial periods for which it has already been sanctioned before that appeal has even been heard.” According to Everton, “This results from a clear deficiency in the Premier League’s rules.”.

“Everton can assure its fans that it will continue to defend its position during the ongoing appeal and, should it be required to do so, at any future commission, and that the impact on supporters will be reflected as part of that process.” A statement from Nottingham Forest said they would “continue to cooperate fully with the Premier League in this matter and are confident of a speedy and fair resolution.”.

East Midlands were in the Championship until 2022 when clubs are permitted to lose a maximum of £39 million over three seasons, or £13 million per season, so their permissible losses over the past three campaigns would add up to £61 million. A place above the relegation zone, Forest are 15th in the Premier League, while Everton are 17th.

Manchester City was also submitted to an independent commission in February for more than 100 alleged financial rule violations since the club’s acquisition by the Abu Dhabi-based City Football Group in 2008. There has been no verdict in that case. The city has fiercely refuted the claims.

What did the Premier League rules say?

The Premier League announced today in a statement: “Everton FC and Nottingham Forest FC have both confirmed to the Premier League that they violate the league’s profitability and sustainability rules.” This is a consequence of losses exceeding the authorized criteria for the evaluation period ending in 2022/23.

“In line with Premier League rules, both instances have now been sent to the head of the judicial panel, who will convene separate commissions to assess the appropriate penalty. “Commissions operate independently of the Premier League and its member teams. The hearings are held in secret, and the commission’s final findings are made public on the Premier League’s website.”

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Max Verstappen Holds Off Lando Norris To Win Emilia Romagna Grand Prix And Extend F1 Lead

Published

21 hours ago

2024-05-19

Kiara Grace

AP News - VOR News Image

IMOLA, ITALY Max – Verstappen defeated McLaren’s Lando Norris to win the Emilia Romagna Grand Prix on Sunday, extending his Formula One championship lead.

Verstappen began on pole and led Norris from the start but was pushed by the McLaren driver near the end, winning by less than a second.

“I lost grip, especially in the closing 10 to 15 laps. I slid a lot. “I saw Lando closing in,” Verstappen explained. “It’s quite difficult when the tires are no longer working, and you have to run flat out, so I couldn’t afford to make too many mistakes. Thankfully, we didn’t, and we’re overjoyed to have won here today.”

AP – VOR News Image

Max Verstappen Holds Off Lando Norris To Win Emilia Romagna Grand Prix And Extend F1 Lead

It was the defending champion’s fifth victory in seven Grand Prix races this year, following Verstappen’s defeat by Norris in Miami two weeks ago.

Norris’ Second Place Sunday demonstrated the McLaren team’s credentials as the closest contender to Verstappen and Red Bull this season. “It hurts me to say it, but one or two more laps, I think I would have had him,” stated Norris. “It would have been beautiful, but just not today.”

Charles Leclerc finished third for Ferrari, the Italian team’s first podium finish in Imola since 2006.

Overtaking is always challenging on the narrow Imola track, and this year, asphalt run-off zones on key corners were replaced with gravel traps, discouraging risk-taking even more.

AP – VOR News Image

Max Verstappen Holds Off Lando Norris To Win Emilia Romagna Grand Prix And Extend F1 Lead

Leclerc got in on Norris midway through the race but made a mistake and ran across the grass, costing him time.

Oscar Piastri qualified second for McLaren but was relegated to fifth after a penalty for impeding Kevin Magnussen in a Haas. He got ahead of Sainz during the pit stops and finished fourth, ahead of the Spanish driver.

Lewis Hamilton, a seven-time champion, and his teammate George Russell finished sixth and seventh following a challenging weekend for Mercedes.

Sergio Perez, Verstappen’s Red Bull teammate, began 11th following a mistake in qualifying and finished ninth. His major impact on the race came when he briefly held up Norris and Leclerc following their pit stops, thereby assisting Verstappen.

AP – VOR News Image

Max Verstappen Holds Off Lando Norris To Win Emilia Romagna Grand Prix And Extend F1 Lead

Yuki Tsunoda took ninth place for RB, while Lance Stroll finished tenth for Aston Martin.

Verstappen has a 48-point advantage over Leclerc, who has surged ahead of Perez to second place.

SOURCE – (AP)

Sports

Seize The Gray Win the Preakness 2024, Mystik Dan Finished Second

Published

2 days ago

2024-05-18

Geoff Thomas

Seize The Gray has won the Preakness 2024. Favorite and Kentucky Derby winner Mystik Dan finished second, halting his pursuit for the first Triple Crown since Justify in 2018, NBC Sports Reports.

Seize the Grey won the Preakness Stakes at Pimlico Race Course in Baltimore, Maryland, on Saturday, defeating Kentucky Derby winner Mystik Dan and six other horses. Seize the Grey led from start to finish, with Kentucky Derby winner Mystik Dan in second place. Catching Freedom placed third.

D. Wayne Lukas, 88, becomes the oldest trainer in history to win a Triple Crown event. It marks his eighth Preakness victory in his career, tying Bob Baffert for second all-time. Lukas has won 15 Triple Crown races in his career.

Jaime Torres made a memorable Triple Crown debut with his triumph in Seize the Grey.

MyRacehorse owns Seize the Grey, and it sells thoroughbred “micro-shares” to the general public. There are 2,570 shareholders in Seize the Grey, representing 42 of the 50 states.

Seize the Grey is the Preakness’ 18th victory from the seventh post since 1909. No other post has resulted in more than 14 winners.

If Seize the Grey competes, his next race will be the 156th Belmont Stakes on June 8 at Saratoga Race Course in Saratoga Springs, New York.

Preakness 2024 Full Race

Sports

Dallas Stars Eliminate Avalanche 2-1 With Double Overtime Win

Published

2 days ago

2024-05-18

Geoff Thomas

The Avalanche’s aspirations of returning to the Stanley Cup were dashed late Friday night when they lost 2-1 in double overtime against the Dallas Stars.

Former Avalanche player Matt Duchene scored the game-winning goal, allowing the Dallas Stars to advance to the Western Conference final.

Duchene, who began his professional career in Denver, grabbed a loose puck in front of the net and blasted it over a sprawled-out Alexandar Georgiev. Duchene raced down the ice and sank to his knees in celebration.

Dallas Stars will play either Edmonton Oilers or the Vancouver Cunucks next. The Dallas Stars are making their second straight trip to the conference finals, having fallen to eventual Stanley Cup champion Vegas last season. The Stars won their sole Stanley Cup championship in 1999.

This was a series in which the road team won five of six games, with the Stars winning all three in Denver. The Avalanche were the best home team throughout the regular season, while the Stars had the best away record.

After winning the Stanley Cup two years earlier, the Avalanche finished the season 50-25-7.