I was pointing to these financial issues on the transfer thread, but I never knew that the fate of the transgressors wouldn't be known until the season is over!
Seems mad to me, I thought the whole reason of bringing in an annual accounts submission deadline of Dec 31st was supposed to be so that punishments would be 'in-season'..
Anyway, this is case now:
Premier League clubs may not learn any confirmed profitability and sustainability regulations (PSR) punishments until after the season is over.
New guidelines aimed at fast-tracking PSR decisions have been introduced to avoid a situation such as
Everton’s 10-point deduction being imposed in the season after the club was charged with a breach.
All clubs had to submit their accounts for 2022-23 by December 31 — rather than in March as they had previously — with any breaches and subsequent charges set to be confirmed 14 days later.
A club will then have a fortnight to respond to a charge and then a hearing by an independent commission must be completed by early April with any appeal process to follow.
The change of system is designed to ensure any basic breaches of the regulations are dealt with in time for punishments, such as points deductions, to be levied in the same season as the charge is brought.
However, the league have pencilled in May 24 as a backstop date for any appeal which comes after the end of the season on May 19. This date comes ahead of the league’s annual general meeting.
This raises the prospect of teams who are appealing against potential points deductions completing their league season while not knowing their final league position or even what division they may be playing in for the following campaign.
Under the PSR, clubs are allowed to lose £105million over three seasons (or £35m a season) but certain costs can be deducted, such as investment in youth development, infrastructure, community and women’s football.
There were also specific allowances relating to Covid and, to help clubs, the league combined the two pandemic-hit seasons into one, turning the three-year accounting period into four years.
The new fast-tracked system only applies to simple breaches of the rules with more complex cases still being considered over a longer period.
Manchester City were charged with more than 100 alleged breaches in February 2023 with a conclusion to that case yet to be reached, while
Chelsea self-reported issues related to payments made during Roman Abramovich’s time as owner and are also yet to learn their fate.
Everton were handed a 10-point penalty back in November. They have since
appealed that sanction.