The English top flight stated on Tuesday that Nottingham Forest’s appeal against a four-point penalty for breaking Premier League financial rules had been unsuccessful.

An independent commission sanctioned the club in March for exceeding the profitability and sustainability rules (PSR) threshold by £34.5 million, which amounted to £61 million ($76 million).

The original punishment, which is related to a three-year assessment term that ends with the 2022–2023 season, was maintained by an independent appeal board panel, notwithstanding Forest’s prompt announcement that they intended to appeal.

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With two games remaining, the team in 17th place is still on 29 points, three points above the relegation zone.

Forest had requested a decrease in the sentence because they believed the original commission ought to have included the high-profile transfer of Brennan Johnson to Tottenham, which occurred two months after the fiscal year that ended in 2023, as a mitigating circumstance.

Additionally, they believed that the original commission erred in failing to suspend the sentence whole or in part.

The club claimed that the independent commission erred in two ways: first, by failing to consider the sale of a well-known player soon after the assessment period as a mitigating factor; and second, by choosing not to suspend all or part of the points deduction it had imposed.

The release was posted on the Premier League website.

“Each of these grounds was rejected by the appeal board, which found the independent commission was entitled to immediately impose the sanction it did.

“The four-point deduction will therefore remain in place.”

Everton was punished 10 points in November for violating PSR; this was lowered to six points on appeal.

The club is also appealing a two-point deduction for a different violation.

After a string of impressive performances, the Goodison Park team is no longer in danger of relegation.

Over a three-year evaluation period, Premier League clubs are typically permitted a maximum loss of £105 million; however, this amount is lowered by £22 million per season for any seasons during which they were in the Championship.

Forest, the reigning European champions, spent two of their three-year assessment period as a lower division team before being promoted to the Premier League in May 2022.