No Premier League club has been charged with breaches of profit and sustainability rules (PSR) during the 2023-24 season, although one club remains “at risk” pending the resolution of an ongoing legal case.
Clubs that reported losses during the first two years of the reporting cycle were required to submit their financial accounts for the year ending June 2024 to the Premier League in December 2024.
Earlier reports from The Sun suggested that three top-flight clubs were concerned about potential points deductions, with Leicester City considered most vulnerable after recording cumulative losses of £124 million over the three seasons preceding their relegation.
On Tuesday, it was confirmed that all top-flight clubs were compliant for the 2023-24 season, although Leicester’s situation remains uncertain due to their ongoing legal case, as reported by The Times.
Leicester is currently engaged in a legal dispute with the Premier League regarding its authority over PSR compliance for the 2022-23 season. The club initially won its case in September, but the league has appealed the decision.
In a statement, the Premier League said:
“Issues regarding the jurisdiction of the Premier League over Leicester City Football Club in relation to PSR compliance are currently under confidential arbitration proceedings.
“Neither the league nor the club will comment further on the matter, except to clarify that no complaint has been brought against Leicester for any PSR breaches during the 2023-24 season.”
In March 2024, the Premier League referred Leicester to an independent commission over an alleged PSR breach for the financial year ending in 2023. Leicester’s financial results revealed that the club exceeded the permitted £105 million loss threshold for the relevant period.
Leicester contested the commission’s authority to hear the case but initially lost the jurisdictional challenge. However, they successfully appealed the decision in September. Following their victory, Leicester stated they “welcomed” the appeal board’s ruling, asserting it would benefit all clubs.
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