Everton and Nottingham Forest are thought to be the clubs most at risk.

Premier League clubs are permitted to lose a maximum of £105m over a three-year period (£35m a season).

In November, Everton were deducted 10 points - the largest sanction in the history of the Premier League - for a breach of the Premier League's profit and sustainability rules. The club are appealing against their punishment.

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The deduction saw Sean Dyche's side drop into the relegation zone but the Toffees have since battled their way out of the bottom three with a run of positive results. They currently sit 17th, one point above Luton in the table.

Following Everton's 0-0 draw with Aston Villa on Super Sunday, Dyche was asked about the prospect of facing further punishment: "We are just waiting on the news. The last time the news came out of the blue as you know, it might do again, we have to wait and see.

"You don't know until you know. I'll explain further if and when the news comes through."

Meanwhile, Nottingham Forest are also precariously placed in the table. They are just three points ahead of Everton and four points above the drop zone.

Forest spent around £250m on new signings since being promoted from the Championship in 2022.

Explained: PL process for Profit and Sustainability

Sky Sports News chief reporter Kaveh Solhekol:

"This season the Premier League has a new fast-track, streamlined profitability and sustainability process. What it means is clubs have until December 31 to submit accounts for last season, and today it will be announced if any clubs have broken the rules.

"The reason it's been done so quickly is that, in the past, many people have complained how long these cases drag on; clubs can potentially be deducted points for something they've done wrong three or four seasons ago.

"The Premier League have responded to that criticism, and that's why we're seeing a faster process. It's common knowledge that a couple of clubs have been sailing close to the wind; Nottingham Forest and Everton for example.

"Everton's problems have been well documented and any further charges would be in addition to the 10 points they have already lost - and are appealing. These are potential rule breaches for last season.

"Premier League rules state you can only lose a maximum of £105m over a three-year period. The bottom line is, clubs aren't really allowed to lose more than £35m a season, and if they have, they will be charged today."

P&S explained: What limits clubs spending more?

In the simplest terms, when every Premier League team tots up their annual accounts, they can have made a loss no greater than £105m across the previous three seasons.

Clubs can only lose £15m of their own money across those three years. So that's no more than £15m extra on outgoings like transfer fees, player wages and, in a lot of clubs' cases, paying off former managers compared to their income from TV payments, season tickets, selling players and so on.

The other £90m of any £105m must be guaranteed by their owners buying up shares, known as 'secure funding', and essentially means bankrolling the club.