Premier League club 'at risk of new PSR financial rules points deduction' - and will find out if they have been charged in less than two weeks' time
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Leicester face a nervous wait to discover whether they'll be charged by the Premier League for breach profitability and sustainability rules (PSR), according to reports. The Foxes - who sit 19th in the league table - were one of several teams who had to submit their financial accounts for the 2023-24 season on New Year's Eve.
This was due to the fact that the club - who secured promotion to the Premier League this season - have recorded financial losses over the past two years. According to The Guardian, Ruud van Nistelrooy's side will discover their fate on January 13th. Should Leicester be handed a points deduction by the league - similarly to Nottingham Forest and Everton in the past - it would serve as a major blow to their survival hopes.
Back in September, the club narrowly escaped a Premier League point deduction after the newly-promoted club appealed a PSR decision. The club recorded pre-tax losses of £92.5m and £90m for the 2022 and 2023 financial years respectively. The side, who face a battle to survive this season, were staring down the barrel of a sanction after the league referred them to an independent commission in March over suspected offences.
Leicester face a nervous wait to discover whether they'll be charged by the Premier League for breach profitability and sustainability rules (PSR). Back in September, the club narrowly escaped a point deduction after appealing a PSR decision. Leicester then challenged the commission's jurisdiction to hear the case, which applied to a period of time when they were in the Championship and not in the Premier League, but the body dismissed this earlier this year.