United States
Argentina 
Australia 
Austria 
Brazil 
Canada 
Chile 
Czechia 
France 
Germany 
Greece 
Italy 
Mexico 
New Zealand 
Nigeria 
Norway 
Poland 
Portugal 
Sweden 
Switzerland 
United Kingdom Premier League clubs avoid PSR charges but Leicester City dispute ...
- Premier League rules allow clubs to lose up to UK£105m over three-year cycle
- Leicester could still face charges dependent on outcome of ongoing arbitration proceedings
- PSR set to be replaced by new set of financial rules from 2025/26
The Premier League will not issue any new charges against its clubs over breaches of its financial rules for the 2023/24 campaign but has confirmed it remains in dispute with Leicester City over a charge brought last season.
The PA news agency understands 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 the 31st December deadline.
However, English soccer’s top flight has confirmed a dispute over whether it had jurisdiction to charge Leicester in March last year remains ongoing.
An appeal board ruled last September that the league did not have jurisdiction in relation to Leicester’s 2022/23 submission because the club was in the English Football League (EFL) when the accounts were submitted.
The Premier League said at the time it was ‘surprised and disappointed’ by that decision and confirmed on 14th January 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,’ a league statement said.
‘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.’
There is thought to be a possibility that Leicester could still face charges in relation to 2023/24 at a later stage, dependent on the outcome of the ongoing arbitration proceedings.
Tuesday marked the deadline when any complaints had to be issued under the league’s fast-track ‘standard directions’ for PSR, whereby the whole process – including appeals – have to be wrapped up by 1st June, before the handover of Premier League ‘shares’ from relegated clubs to promoted clubs.
Everton and Nottingham Forest were the subject of complaints under the standard directions this time last year and were ultimately docked two and four points respectively.
The PA news agency understands a dispute between Everton and the Premier League over stadium interest payments has also concluded without the club facing further sanction.
At the time Everton were deducted two points last April over the admitted PSR breach, it was revealed in the commission’s written reasons that the dispute over interest payments was being deferred, but is now understood to be finished.
Sources close to Chelsea’s owners had expressed confidence in recent weeks that they were compliant, and so it has proved.
The club was confident it was operating within league regulations in selling two hotels to a company linked to its owners.
League rules permit the sale of ‘fixed tangible assets’ to associated parties, provided the sales are done at fair market value. The PA news agency reported in September that the sale of two hotels to a company linked to the club’s owners had received Premier League approval.
Chelsea have also sold the women’s team to the club’s parent company, a deal which is also subject to Premier League scrutiny.
PSR is set to be replaced by a new set of financial rules for next season. Clubs will instead be limited to spending 85 per cent of revenue on squad-related costs – dropping to 70 per cent for those involved in Uefa competitions in order to comply with the rules at continental level.
Get access to richer content, exclusive reports, unparalleled business intelligence, and community benefits to help you navigate the next frontier of sport and make more informed decisions with a SportsPro+ Premium membership. Discover more here.
