Leicester at risk of another Premier League PSR charge over latest accounts

[Ian Nacho]

Leicester at risk of another Premier League PSR charge over latest accounts
Club recorded big losses over previous two years

League sources say Leicester may have case to answer.

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

The club recorded pre-tax losses of £92.5m and £90m for the 2022 and 2023 financial years respectively, however, so are at risk of being charged with another breach. Given the points deductions handed out to Everton and Nottingham Forest last season, any charge could be a severe blow to Leicester’s survival hopes, with Ruud van Nistelrooy’s side second-bottom at the halfway point.

Premier League rules restrict clubs to losses of £105m over a three-year period if all those years were spent in the top flight. Because Leicester were in the Championship last season their permitted losses for the current three-year cycle will be reduced by £22m, owing to the English Football League’s stricter spending limits. The club’s losses will have been reduced by last season’s player sales, with Harvey Barnes’s £38m move to Newcastle and Timothy Castagne’s £15m transfer to Fulham to be included in their latest accounts, along with the £10m compensation received from Enzo Maresca’s move to Chelsea. The £30m sale of Kiernan Dewsbury-Hall to Chelsea will not be included because that did not go through until July 2024.

Leicester have expressed confidence they will avoid another charge, but Premier League sources feel the club may have a case to answer.

As previously reported by the Guardian Leicester could face charges from the EFL for overspending during the 2020-23 period at the end of this season if they are relegated.

Under regulations introduced 18 months ago, designed to ensure that any PSR breaches are dealt with swiftly, all Premier League clubs that have posted aggregate losses over the previous two accounting periods must hand in their accounts for the previous season by 31 December. Premier League lawyers and accountants will spend the next fortnight assessing the numbers to determine whether there have been any PSR breaches, with any decision to charge published by 13 January.

Given Leicester were found to be in breach by £24.4m for the 2022-23 season they are the club most vulnerable to charges. Chelsea, Everton and Forest sold players last summer so are confident of complying with PSR.

 

https://www.theguardian.com/football/2025/jan/01/leicester-at-risk-of-another-premier-league-psr-charge-over-latest-accounts?CMP=Share_AndroidApp_Other
 

Edited 1 January by Ian Nacho

[Ric Flair]

KDH sale not included in 2023/24 is surely incorrect. If it isn't and we fail because of it then we are utter morons.

[Corky]

I thought we sold Dewsbury-Hall at that time to ensure it was in these accounts?

[Dahnsouff]

Listed as sold on 2 July. Did we really screw it up that badly again?

[moore_94]

6 minutes ago, Ric Flair said:

KDH sale not included in 2023/24 is surely incorrect. If it isn't and we fail because of it then we are utter morons.

Announced on 2nd July

 

However Percy has said it was done before 30th June

[Ian Nacho]

Interesting to see if the article gets updated and if that is correct about KDH.

[CosbehFox]

If the case, what a bunch of idiots 

[reynard]

If the club really are confident that they will not have exceeded the losses then they should make a public statement to that effect and back it up with figures. Otherwise this will have a negative impact on any recruitment we may wish to try and do in the next two weeks before the judgement is declared on 13th January.

[Out Foxed]

7 minutes ago, Ian Nacho said:

Interesting to see if the article gets updated and if that is correct about KDH.

Doubt it. the article mentions how we sold players and got compo for Maresca but we're still at risk, then says those other clubs are fine because they sold players. quid pro quo hit piece it seems. 

[StanSP]

21 minutes ago, Ian Nacho said:

Leicester have expressed confidence they will avoid another charge, but Premier League sources feel the club may have a case to answer.

'PL sources' 

 

Meh. 

[Nolucklcfc]

It’s not as if the premier league won’t try their very hardest to find a breach … 

[Lionator]

11 minutes ago, Out Foxed said:

Doubt it. the article mentions how we sold players and got compo for Maresca but we're still at risk, then says those other clubs are fine because they sold players. quid pro quo hit piece it seems. 

Maybe even people at the PL want us to get rid of Rudkin 

[john ridley]

When your paying  players the calibre  of danny ward  £50,000 a week,your in trouble. 

[FoxOnWheels]

Fvcking stinking football club

[Bilo]

17 minutes ago, Out Foxed said:

Doubt it. the article mentions how we sold players and got compo for Maresca but we're still at risk, then says those other clubs are fine because they sold players. quid pro quo hit piece it seems. 

It also omits the Maddison sale. 

 

Also, Percy mentioned that we sold KDH before the cut-off date. 

 

I suspect we're OK and it's attempted sabotage from the Premier League because we mugged them off in September. 

[Bilo]

BBC article at the time.

[AKCJ]

Yeah this is speculative clickbait bollocks. We know that KDH was done before the window closed.

[coolhandfox]

49 minutes ago, Ric Flair said:

KDH sale not included in 2023/24 is surely incorrect. If it isn't and we fail because of it then we are utter morons.

They have just taken the date it was announced I would assume and made a 2+2 = 22

[sdb]

Bloody hell. It's never easy is it. I'm longing for the Puel days tbh.

[Ricey]

If we have breached again, then that’s it for me in regards to supporting this ownership in any shape or form.

 

On the bright side, if you can call it that, if we are going down anyway then it might not be the worst thing to get a hefty points deduction this season, as it might lessen the punishment from the EFL next season, in the same way Everton only got 2 points for their second breach.

[Bilo]

Also confirmed by Percy. Check the date of the tweet.

 

This is clickbait and, quite probably, someone at the Premier League making mischief.

 

 

[AKCJ]

1 minute ago, Bilo said:

Also confirmed by Percy. Check the date of the tweet.

 

This is clickbait and, quite probably, someone at the Premier League making mischief.

 

 

Wouldn't surprise me if Golding was signed for 24/25 and KDH was sold for 23/24.

[Bilo]

1 minute ago, AKCJ said:

Wouldn't surprise me if Golding was signed for 24/25 and KDH was sold for 23/24.

Seems very likely to be the case as his signing wasn't announced until July 7th.

 

So in terms of sales etc, we can point to Maddison, KDH, Barnes and Castagne in the accounting period, as well as the compensation package for Maresca and his staff. 

[Nolucklcfc]

5 minutes ago, Bilo said:

Seems very likely to be the case as his signing wasn't announced until July 7th.

 

So in terms of sales etc, we can point to Maddison, KDH, Barnes and Castagne in the accounting period, as well as the compensation package for Maresca and his staff. 

It wouldn’t surprise me if we still breached 

[Babylon]

16 minutes ago, Bilo said:

Also confirmed by Percy. Check the date of the tweet.

 

This is clickbait and, quite probably, someone at the Premier League making mischief.

 

 

Doubt they said a word. If they did, every club “may” have a case to answer. Wording is everything.