Kieran Maguire: Leeds among club ready to sue Nottingham Forest for millions if found guilty
Nottingham Forest face a barrage of lawsuits if found guilty in latest financial twist
There is a ‘long line of clubs’ who will want to be financially compensated if Nottingham Forest are found guilty of financial breaches.
If Nottingham Forest is discovered to have committed financial violations, there is a “long line of clubs” that will demand payment.
That is the opinion of financial expert Kieran Maguire, who discussed the possibility of additional legal action being taken following Forest’s hearing exclusively with Football Insider.
Following the release of Forest’s 2022–2023 financial statements, the team was accused of exceeding its permitted losses of £61 million over a three-year period, resulting in allegations of breaking the Profit and Sustainability Rules.
The Nottingham-based team will learn the outcome of their trial before the 2023–24 season ends, and if found guilty, they could lose some of their points.
Sports attorney Simon Leaf reportedly stated that a guilty decision would “open the floodgates” for additional legal action, as reported by iNews.
Football Insider said that Leeds United is prepared to sue Forest in order to obtain damages for their relegation.
Since every spot in the standings is worth £3.1 million according to this week’s Premier League report, Maguire thinks teams would demand monetary recompense.
Maguire said to Sean Fisher, “I think a lot of sports lawyers are looking at Range Rover brochures and rubbing their hands with glee right now.”
“They’ll be excited at the prospect of litigating on behalf of clubs who have been relegated or finished in the table below Nottingham Forest.
“The Premier League annual report was released in the last few days revealing that each position in the Premier League is worth £3.1million pounds.
“So if Nottingham Forest are deemed to have been given a sporting advantage if found guilty – and they are innocent until proven otherwise – then expect a long line of clubs ready to claim they have been disadvantaged as a result.
“They will want some form of compensation and I suspect that will be financial in nature.”
