AFP – Leicester have won their appeal against a decision that an independent commission had jurisdiction to consider an alleged breach of the Premier League’s profit and sustainability rules.
The English top flight said yesterday it was “surprised and disappointed” by the move to uphold the Foxes’ appeal, which means they are set to avoid a points deduction.
An independent appeal board found that Leicester’s accounting period – after it was claimed the club had exceeded the maximum permitted GBP105 million loss over a three-season period – ended on June 30, 2023, after the club were relegated from the top flight. The Premier League said that the appeal board’s decision “effectively means that, despite the club being a member of the (Premier) League from seasons 2019/20 to 2022/23, the league cannot take action against the club for exceeding the relevant PSR threshold in respect of the associated accounting periods”.
Leicester welcomed the decision, adding the verdict supported their “consistently stated position that any action against the club should be pursued in accordance with the applicable rules”.
