The Premier League has not charged any clubs for breaches of its financial rules after all were deemed financially compliant for the 2023-24 season.
Most top-flight clubs had to submit their accounts for the 2023-24 season by 31 December and the Premier League is satisfied all 20 members have remained within its profit and sustainability (PSR) rules.
Under PSR regulations, clubs cannot post losses of more than £105m over a three-year period.
It had been reported Leicester City were one of a number of clubs close to breaching the Premier League's margins for allowed losses.
The Foxes avoided a points deduction after they won an appeal against a charge in September, which covered the three years up until the end of the 2022-23 season.
An independent panel found the Premier League did not have the jurisdiction to punish the Foxes as the club had been relegated to the EFL Championship when their accounting period ended on 30 June 2023.
In a joint statement on Tuesday, Leicester and the Premier League said the matter remains "the subject of confidential arbitration proceedings".
Comments
Post a Comment