209. First, the benchmarks relied upon by the Club, notably the EFL P&S Rules and EFL Guidelines. The EFL Guidelines reflect the extent of the breach in money terms. They have a starting point of 12 points, but that is “top down”: excluding aggravating factors, it is the maximum deduction. The points deducted are reduced from 12 if the breach of the EFL upper loss threshold is less than £15m. For a breach of the EFL upper loss threshold of no more than £2m, and leaving aside “trend” (dealt with below), the points deduction is three points.210. Absent any particular mitigation, three is therefore the minimum points deduction prescribed by the EFL Guidelines, with an increase in that minimum to reflect extent of breach in money terms of one point per £2m-£2.5m up to a maximum of 12 points leaving aside any particular aggravation
That could be interesting for Forest