Leicester City and a number of other Premier League clubs were awaiting a decision over alleged financial breaches – but the Foxes have avoided a points deduction
The Premier League has confirmed that no club, including Leicester City, will face points deductions for violations of Profit and Sustainability Rules.
The Foxes, amidst rumours of financial indiscretions surrounding the 2023/24 season, have been cleared of immediate repercussions. On Tuesday morning, a statement revealed: “Issues as to the jurisdiction of the Premier League over Leicester City Football Club in relation to PSR compliance are currently the subject of confidential arbitration proceedings.”
Adding clarity, it was stated, “Accordingly, neither the league nor the club will make any further comment at this stage about any aspect of the club’s compliance or otherwise with any of the PSR or related rules, save to say that no complaint has been brought against Leicester by the league for any breach of the PSRs for the period ending Season 2023-24.”
While Mirror Football understands the Premier League won’t comment on the other clubs understood to be at risk for confidentiality reasons. However, Leicester aren’t out of trouble yet and could still face punishment depending on the outcome of an ongoing legal case.
The case in question pertains to a dispute over the 2022/23 season. The Premier League has filed an appeal after Leicester successfully argued that the Premier League lacked the authority to charge them, given their relegation to the Championship.
Clubs can face charges from the Premier League if they breach the PSR limit, which allows losses of up to £105million over a three-year span. Several teams have violated these rules, with both Everton and Nottingham Forest receiving point deductions last season.
While it was known that Leicester were awaiting a decision, many other Premier League clubs, including Chelsea, Manchester United and Newcastle, were rumoured to be nearing their spending limits.