Leicester Win Appeal in PSR Case, Avoid Points Deduction

Leicester City have successfully appealed a decision that an independent commission had jurisdiction to review an alleged breach of the Premier League's Profit and Sustainability Rules (PSR).

The Premier League announced late Tuesday that it was "surprised and disappointed" by the appeal board's ruling, which allows Leicester to avoid a points deduction.

The independent appeal board determined that Leicester's accounting period—after the club was accused of exceeding the maximum allowable £105 million ($138 million) loss over a three-season span—ended on June 30, 2023. This period concluded after Leicester's relegation from the Premier League.

According to the Premier League, the appeal board's decision means that, despite Leicester's membership in the league from the 2019/20 to 2022/23 seasons, the league cannot take action against the club for surpassing the PSR threshold during the relevant accounting periods.

Leicester City welcomed the ruling, stating that it reinforced their "consistently stated position that any action against the club should be pursued in accordance with the applicable rules."

The 2016 Premier League champions could have faced a points deduction if found guilty of breaching financial rules. After spending a season in the Championship, Leicester have returned to the Premier League this season, where they have drawn one and lost two of their first three matches.

Nottingham Forest and Everton received points deductions last season for PSR rule breaches. Manchester City, the Premier League champions, were charged earlier this year with 115 alleged breaches of regulations and financial rules, which City strongly deny.