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No Premier League clubs charged with PSR breaches / Photo: © AFP/File
NYSE - LSE
No Premier League clubs charged with PSR breaches
The Premier League will not issue any fresh charges against clubs over breaches of its financial rules after all were deemed compliant for the 2023/24 campaign, though Leicester could still be sanctioned over a charge brought last season.
It is understood that no clubs have been issued with a complaint for a breach of the profitability and sustainability rules (PSR) in relation to accounts submitted for 2023/24 by a December 31 deadline.
However, a dispute over whether the league had jurisdiction to charge Leicester in March last year remains ongoing.
PSR mean clubs are not allowed to lose more than £105 million ($128 million) over three-season rolling periods.
Everton and Nottingham Forest were both punished last season for PSR breaches. Everton were docked eight points and Forest docked four, though both survived in the top flight.
Leicester went unpunished after they won an appeal against a charge in September, which covered the three years up until the end of the 2022/23 season.
An appeal board ruled the league did not have jurisdiction in relation to Leicester's 2022/23 submission because the club were in the English Football League when the accounts were submitted.
The Premier League said at the time it was "surprised and disappointed" by that decision and confirmed on Tuesday the case had not concluded.
"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," the Premier League and Leicester said in a joint statement.
"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."
PSR is set to be replaced by a new set of financial rules for next season.
Clubs will instead be limited to spending 85 percent of revenue on squad-related costs, dropping to 70 percent for those involved in UEFA competitions in order to comply with the rules at continental level.
F. Schulze--BTZ
