Leicester City have successfully appealed a decision regarding the jurisdiction of an independent commission in their case over an alleged breach of the Premier League's profit and sustainability rules (PSR).
On Tuesday evening, the Premier League expressed its "surprise and disappointment" at the appeal board's ruling, which means Leicester will avoid a points deduction. The appeal board determined that Leicester's accounting period, in which the club was alleged to have exceeded the £105 million ($138 million) loss limit over a three-season period, ended on June 30, 2023, after the club's relegation.
The Premier League stated that the appeal board's decision means "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 welcomed the decision, asserting that the ruling supported their "consistently stated position that any action against the club should be pursued in accordance with the applicable rules."
Had the appeal not been successful, Leicester, who were Premier League champions in 2016, could have faced a points deduction. The club, after being relegated, has returned to the Premier League this season. They have drawn one and lost two of their first three fixtures.
Last season, Nottingham Forest and Everton both received points deductions for breaches of PSR rules. Manchester City, the reigning Premier League champions, face charges over 115 alleged breaches of regulations and financial rules, which they strongly deny.
