The Premier League is “surprised and very disappointed” after Leicester won their appeal against a decision that an independent commission had jurisdiction to consider an alleged breach of profit and sustainability rules.
An appeal board found that Leicester’s accounting period – after it was claimed the club exceeded the permitted £105million threshold over three seasons – ended on June 30, 2023, a month and two days after the Foxes were relegated from the top flight.
The Premier League said 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 City has won its appeal against a decision that an independent Commission had jurisdiction to consider an alleged breach by the Club of Premier League Profitability and Sustainability Rules (PSRs). — Leicester City (@LCFC) September 3, 2024 It added that the verdict “will have created a situation where any club exceeding the PSR threshold could avoid accountability in these specific circumstances”.