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It's certainly going to be a worrying couple of weeks.
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More from Kieran Maguire:
“It’s too early to say. There has been a rumour about Forest for last 4-6 weeks but they only submitted accounts to PL on 31 December so seems premature. Not a lot of room for manoeuvre but a lot will depend on outstanding Covid allowances and promotion costs exempt from FFP.”
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We will find out on Jan 14th.
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Given that this is from Percy and therefore briefed by the club its fairly clear we had gone over the FFP spending limit.
Because accounts run July to June there's essentially a week after the season when the window opens where we could've sold someone (Brennan) to meet FFP. We're saying that we would've got a lower fee had we have sold at that point.
This is similar to the argument Everton used, except they sold Richarlison on last day of June to meet FFP (they still failed). Their argument was that they were forced to sell low to meet FFP. They ended up with a points penalty, can't really see how our argument carries much weight based on that article.
So the questions are how much did we fail by and why? I suspect its not much otherwise we wouldn't have risked this Brennan gambit. Perhaps when the Everton verdict came through this caused adjustments to what we expected we could get away with and hence we jumped over the limit.
Precedent has been set, I reckon we get a points penalty but less than Everton. I guess we won't know how bad the accounts actually are until they are released though.
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It sounds like it is very close so I really don’t think we will get a points deduction
Probably a fine and a plan to follow