Leicester could face another PSR charge after winning their appeal over alleged breaches of the Premier League's rules.
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- Leicester could still face sanctions
- Possible overspending during 2021-24
- Foxes win appeal against Premier League
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WHAT HAPPENED?
The Foxes faced charges of breaking Premier League Profit and Sustainability Rules (PSR) relating to the three-year period ending with the 2022-23 campaign. The league accused the club of spending more than the permitted £105 million threshold for that period and referred the case to an independent commission. On Tuesday, the commission's verdict came out which upheld the club's appeal against the charges.
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THE BIGGER PICTURE
However, The Guardian now reports that the 2015-16 league winners could face another points deduction as the Premier League has asked the club to produce their 2023-24 accounts by the end of December. The league introduced a new PSR law last summer under which they can ask clubs who have made losses in the first two years of the three-year accounting period to produce their accounts by December 31 so that they can evaluate them and take appropriate sanctions by the end of the football season in June.
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DID YOU KNOW?
Despite the fresh summon, the Foxes remain confident that they are not in breach of PSR. The club incurred pre-tax losses of £92.5m and £90m in 2022 and 2023. The Premier League wants to review their finances for the period of 2021-24, because they were officially a top-flight club at the end of the most recent account period (June 30, 2024).
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WHAT NEXT FOR LEICESTER CITY?
Steve Cooper's side will aim to register their maiden win of the 2024-25 campaign after the international break as they take on Crystal Palace on September 14.