Leicester face a nervous wait to discover whether they will be charged by the Premier League with breaching profitability and sustainability rules (PSR) for a second successive season. The club are one of several in the top flight who had to submit their financial accounts for the 2023-24 season by 5pm on New Year’s Eve, because they have recorded losses over the past two years, and will be told by 13 January whether they have breached PSR.
Leicester escaped a Premier League points deduction earlier this season after they were charged with a £24.4m breach for the 2022-23 season. The club’s legal team successfully persuaded an independent commission that, having been relegated at the end of that season, Leicester were not in the Premier League when they submitted their accounts for that period on 30 June 2023.
