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The 27-year-old was charged by the FA in November for allegedly breaching the rules 232 times between 2017 and 2021. He was charged with 30 more alleged breaches in December.
“The FA subsequently withdrew 30 of these breaches and he admitted to the remaining 232,” the governing body said.
“The independent regulatory commission’s written reasons for these sanctions will be published in due course, and the FA will wait to review them before commenting further.”
Toney can return to training for the final four months of his suspension starting from Sept. 17, 2023.
Brentford said they were awaiting publication of the written reasons of the commission’s decision and will review them before considering their next steps.
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“I am naturally disappointed that I will be unable to play for the next eight months,” Toney wrote on Twitter.
“The written reasons for the commission’s decision have not yet been published, so I can make no further comment at this point other than to thank my family and friends, Brentford FC and our fans for their continued support through what has been a very difficult time,” he added.
“I now focus on returning to play the game I love next season.”
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Toney has scored 20 goals in 33 league games for Brentford this season, helping them to ninth in the Premier League standings. He will miss Saturday’s trip to Tottenham Hotspur and the final game of the season at home to leaders Manchester City on May 28.