OK, some thoughts on this.
Firstly, Forest say they will "CONTINUE to cooperate", so they knew this was coming and have been in dialogue. But it's in the hands of an independent commission now, so any cooperation with the Premier League is moot, they deal with the commission from here on.
Secondly, we don't know the facts in Forest's case, but it's evident that they accept the charge and their mitigation is that they sold Brennan Johnson because they recognised they needed to put things right but couldn't do so before their year-end. This is likely to be much stronger mitigation than Everton's "we could have sold players for loads of money but we didn't and still expect you to give us credit for it". It's unlikely Everton fans will appreciate the ever-so-subtle difference. And going against Forest's case, they didn't sell Johnson until 1 September, which was much later than their year-end and doesn't really suggest that they were trying to get a deal done in time to fix their numbers. So it's questionably how much leeway the commission will allow.
Thirdly, Everton were nearly £20m over the limit last time. Their unadjusted loss for 2019, which will have dropped out of the 3-year calculations (bear in mind 2020 and 2021 are averaged due to covid and count as one year) was £112m. That's over the limit in insolation. So if that dropped out, then in order to be over the limit over three years, they need to have lost £112m - £20m = £92m in 2023. Which is more than twice what they lost in 2022. All of those numbers are unadjusted, so it's possible they had huge add-backs in 2019, such that they wouldn't have needed to make such a huge loss in 2023 to still be over the limit. But they must have still well and truly fucked it all the same. And also bear in mind that they fudged the issue a few years ago with some bollocks commercial deal with USM buying the right of first refusal on naming rights for the new stadium. Those naming rights had an approximate market value, by my calculations, of the square root of fuck all (Tottenham still haven't been able to sell the actual rights to an actual state-of-the-art, completed stadium in London for god's sake). USM paid £30m. For the right of first refusal. That's the same USM that is owned by the sanctioned Russian oligarch Alisher Usmanov, who, Everton assure us, had no ownership interest in Everton, nor any involvement in the management of the club. It's a pure coincidence that he sat in on Carlo's job interview and offered him an off-the-books bonus which Carlo didn't get until he sued for it. That's just perfectly normal behaviour for a sponsor, and I'm sure we wouldn't have appointed Klopp if the CEO of Dunkin' Donuts hadn't been impressed with his interview.
Fourthly - it's OK for us to feel some sympathy for the fans of both clubs - they didn't mis-manage their clubs into this mess, although none of them called for restraint in the transfer market either. But their owners / managers? Fuck those guys. They took the piss on a royal scale. A reminder again, the basic test is break-even over three years. The £105m isn't a target, it's a huge and very generous safety net, designed to make allowances for huge one-off factors beyond the control of the affected clubs.
I only hope the fans of both clubs will realise that they should direct their anger at their owners / senior management, not at the Premier League.
But if they want to have a go at the PL for dragging their heels over City and Chelsea then I'll happily stand shoulder to shoulder with them.