New York Times: Leicester City Wins PSR Appeal, No Longer Faces Threat of Points Deduction

On September 4, according to The New York Times, Leicester City has won its appeal concerning the Profitability and Sustainability Rules (PSR) and will not face the threat of point deductions in this season’s Premier League.

In March of this year, the Premier League accused Leicester City of violating the PSR during the three-year reporting period of the 2022-23 season, submitting the matter to an independent commission. Subsequently, Leicester City challenged this but was initially rejected. Now, the independent commission has overturned the previous accusation, ruling in favor of Leicester City, stating that as of the assessment period ending June 30, 2023, Leicester City did not violate the PSR.

The Premier League expressed surprise and disappointment at this ruling, believing it undermines the enforcement of the PSR and indicated that this could allow clubs to escape penalties for violating the PSR under certain circumstances.

Leicester City’s PSR report was based on the 2019-20 and 2020-21 seasons (which were combined due to the impact of the COVID-19 pandemic), the 2021-22 season, and the 2022-23 season. The Premier League calculated Leicester City’s PSR loss at £129.4 million, exceeding the PSR limit by £24.4 million. Last season, Everton was deducted six points after losing an appeal for exceeding the PSR limit by £19.5 million. Previously, the Premier League had considered deducting at least six points from Leicester City.