Just did a quick search on Forest salaries. Can you believe that James Ward Prowse is their highest paid player?!?
Doing some quick maths, their turnover is circa £70M. Their wage bill in circa £64M. To comply with the PSR 70% cap, they need to reduce their wage bill to circa £49M, so they need to shave off £15M this year to comply, which is essentially 4 of their highest earners. Elanga wasn't one of them as he was on roughly 25% of what MGW is currently on. They could, of course, offload a lot more of their lesser paid players, but they only have a 27 man squad now and, with Europe, can't afford to strip around 30% of that squad, so they're kind of stuck with needing to offload high earners to comply. Four of them!
Currently their highest earners are;
JWP - £5.9M
Nikola Milenkovic - £5.4M
Chris Wood - £4.6M
CHO - £4.1M
MGW - £4.1M
Sangaré - £3.9M
So they'd need to offload 3-4 of their main players to comply.
Who's going to buy them?
As near as I can tell, Forest are hip deep in trouble.