Leicester City has successfully avoided a points deduction for the 2024-25 Premier League season after winning their appeal against allegations of breaching the league's Profitability and Sustainability Rules (PSR).
The PSR rules are designed to ensure that Premier League clubs do not exceed a loss of £105 million over a three-season period. Leicester faced relegation to the EFL Championship following the 2022-23 campaign amid accusations of surpassing this financial threshold.
In a press release on Tuesday, the club stated, \"Leicester City wishes to emphasize the finding of the Appeal Panel that, when considering the wording which is actually used in the Premier League rules, the club did not breach the Premier League PSRs for the assessment period ending 30 June 2023.\"
Earlier in March, the Premier League had referred Leicester to an independent commission for the alleged PSR breach. Although the club initially challenged the commission's jurisdiction, their appeal was upheld after a thorough review. Leicester chose not to join other clubs like Everton or Nottingham Forest in forfeiting points, maintaining their stance and continuing with the appeal.
\"Leicester City welcomes the Appeal Board's comprehensive decision, which supports our consistently stated position that any action against the Club should be pursued in accordance with the applicable rules,\" the club added.
In response, the Premier League expressed surprise and disappointment, noting, \"The Appeal Board's decision effectively means that, despite the club being a member of the 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.\"
Reference(s):
cgtn.com
