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Newcastle have been close to breaching the Premier League’s profit and sustainability rules (PSR) since their Saudi-led takeover in 2021.
Meanwhile, Forest were docked four points after being charged with a PSR breach in the 2023-24 campaign.
The Premier League duo’s accounts will be assessed by Uefa this year, with Eddie Howe’s side playing in the Champions League and Forest competing in the Europa League.
Former Man City financial adviser Stefan Borson exclusively told Football Insider Newcastle have definitely breached the governing body’s football earnings regulations, while Ange Postecoglou’s side are also close to falling foul of the spending rules.
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Speaking exclusively to Football Insider, Borson said: “Newcastle will definitely have breached on football earnings for last season.
Credit: Imago
“Nottingham Forest are probably similar on the football earnings rule, and probably close-ish on squad cost control rules, just in terms of wages.”
Newcastle and Forest have both been making efforts to close the gap at the top of the Premier League table.