Leicester City have successfully appealed a decision asserting that an independent commission had jurisdiction to investigate an alleged breach of the Premier League’s profit and sustainability rules (PSR).
The Premier League expressed its “surprise and disappointment” late Tuesday after the appeal was upheld, which means Leicester City will not face a points deduction.
The independent appeal board determined that Leicester’s accounting period, during which it was alleged that the club exceeded the maximum allowed £105 million ($138 million) loss over a three-season period, concluded on June 30, 2023, after the club’s relegation from the Premier League.
According to the Premier League, the appeal board’s ruling “effectively means that, despite the club being a member of the (Premier) League from seasons 2019/20 to 2022/23, the league cannot take action against the club for exceeding the relevant PSR threshold in respect of the associated accounting periods.”
Leicester City welcomed the outcome, stating that the decision affirmed their “consistently stated position that any action against the club should be pursued in accordance with the applicable rules.”
Had Leicester City been found in breach of the financial regulations, they could have faced a points deduction. The club, which won the Premier League title in 2016, has returned to the Premier League this season after spending one year in the Championship. They have drawn one and lost two of their first three games this season.
Nottingham Forest and Everton were given points deductions last season for breaching PSR rules. Additionally, Premier League champions Manchester City were charged early last year with 115 alleged breaches of regulations and financial rules, which City strongly deny.
