Premier League clubs clear of PSR charges
All 20 Premier League clubs have avoided charges for profit and sustainability rules (PSR) breaches for the three-year accounting period between 2021 and 2024.
Teams that reported losses for the 2021/22 and 2022/23 seasons had been required to submit their annual accounts by 31st December.
As per PSR regulations, clubs are prohibited from making a cumulative loss of greater than £105m over three years.
Last season, both Everton and Nottingham Forest were docked points for breaches of the league’s PSR.
Leicester City, who remain involved in an ongoing legal battle with the Premier League, were also deemed compliant with the rules for the 2023/24 season.
The Foxes won their appeal against the league in September, after an independent commission decided that the Premier League did not have the authority to sanction the club for 2020-2023 period.
Leicester spent the 2023/24 season in the EFL Championship, before securing promotion back to the topflight at the end of the last campaign.
Although Leicester were initially charged with PSR violations last year, the panel found that the Premier League’s accounting period that ended on 30th June should not apply to the East Midlands club, as they had already been relegated to the second tier.
Leicester reported a loss of £89.7m for the 2022/23 season, bringing their total losses to £215.3m for the three-year period between 2020 and 2023.
In a joint statement, the Premier League and Leicester City said, ‘Issues as to the jurisdiction of the Premier League over Leicester City Football Club in relation to PSR compliance are currently the subject of confidential arbitration proceedings.
‘Accordingly, neither the league nor the club will make any further comment at this stage about any aspect of the club’s compliance or otherwise with any of the PSR or related Rules, save to say that no complaint has been brought against Leicester by the League for any breach of the PSRs for the period ending Season 2023-24.’
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