The Premier League has announced that its members are now compliant with profit and sustainability rules.
There were fears that the clubs would be subject to a points deduction, as happened with Everton and Nottingham Forest last year, but the league is satisfied after analyzing the last accounting period (2023-2024).
However, there is still an outstanding issue with Leicester City.
The three-year period saw the Foxes suffer relegation to the Second Division before returning to the top flight at the first attempt. Leicester made a pre-tax loss of £89.7m in the 2022-23 accounting period – a figure that could have resulted in a penalty – but successfully argued they should not face a penalty given they are no longer a Premier League club.
The matter is still under arbitration proceedings.
A Premier League statement this morning said: “Issues relating to the Premier League’s jurisdiction over Leicester City Football Club in relation to compliance with the PSR are currently subject to confidential arbitration proceedings.
“Accordingly, neither the League nor the Club will make any further comment at this stage on any aspect of the Club’s compliance or otherwise with any of the PSR or relevant rules, other than to say that no complaint has been made against Leicester by the League for Any breach of performance specifications for the period ending in the 2023-24 season.”
