No clubs have been charged by the Premier League for profit and sustainability rules [PSR] breaches during the 2023-24 campaign, but one team 'remains at risk' pending the outcome of an ongoing legal case.
Clubs that have recorded losses for the first two years of the reporting cycle were required to submit their accounts for the financial year ending June 2024 to the Premier League in December last year.
It was initially reported by The Sun that three top flight clubs were 'fearing' points deductions, with Leicester City thought to be 'most at threat' after cumulative losses of £124 million for the final three seasons before they were relegated.
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On Tuesday morning, it was announced that every top-flight team in England has declared compliant for 2023-24, although Leicester remain at risk pending the outcome of their ongoing legal case, according to The Times.
The Foxes remain involved in a legal dispute with the league over its jurisdiction relating to the 2022-23 campaign. Leicester won the initial case in September but the league has appealed.
The Premier League said in a statement: “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.
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“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.”
In March last year, the Premier League referred Leicester to an independent Commission for an alleged breach of PSRs relating to the assessment period ending financial year 2022/23.
Once submitted, the club’s financial results demonstrated that it had exceeded the permitted £105 million threshold for the relevant period.
Leicester subsequently challenged the commission’s authority to hear the case on the grounds of jurisdiction, but the challenge was dismissed by the independent commission – a decision which Leicester appealed.
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Back in September, after they won their appeal, Leicester said they “welcomed” the appeal board's decision, insisting the verdict will benefit all clubs.
Topics: Premier League
Jack Kenmare