The Premier League has confirmed that no club will face charges over last season’s profitability and sustainability regulations.
Reports emerged on Tuesday that three clubs feared being charged by the Premier League.
Clubs with aggregate losses in the last two accounting periods (2021-22 and 2022-23) were required, under league rules, to submit 2023-24 accounts to the Premier League by December 31, and the The league was required to present any complaints to the clubs within 14 days.
Leicester City were among the clubs considered at risk of a points deduction, but the Foxes have avoided that breach.
The club, however, remains at risk pending the outcome of an ongoing jurisdiction case related to the 2022-23 season.
Leicester had escaped a sanction in September after appealing their PSR decision, arguing they were not under Premier League jurisdiction after being relegated to the Championship last season.
Leicester City avoided Premier League points deduction due to PSR rules
It represents a great relief for Jamie Vardy and company in their attempt to survive in the top flight.
Ruud van Nistelrooy revealed that he had positive conversations with the owners about the situation last week.
Mail Sport reported last week that the governing body planned to announce imminently whether the Foxes had breached its profitability and sustainability regulations, which allow clubs to lose no more than £105m over a three-year period.
The Premier League found that the East Midlands club did not breach the rules and subsequently confirmed that no points will be deducted. The £105m figure was reduced for Leicester due to their spending in the Championship last season.
Leicester will remain in 19th place with 14 points, between Ipswich with 16 and Southampton with six, ahead of what promises to be a fight for Premier League survival.
“Issues relating to the Premier League’s jurisdiction over Leicester City Football Club in relation to compliance with the PSR are currently the subject of confidential arbitration proceedings,” the Premier League said.
“Consequently, neither the league nor the club will comment further at this stage on any aspect of the club’s compliance with any of the PSR or related rules, other than to say that the league has not made any complaint against Leicester for any breach of the PSRs for the period ending the 2023-24 season.
When asked last week about the threat of a points deduction, Ruud van Nistelrooy said: “The conversations I have had with the hierarchy have been very good conversations. “When I accepted the job I had many questions about these issues.
“For me it was very important to be able to understand where the club is and where they want to go, and what my role would be in that.
‘We started working together and so far there’s been no sign that anything (I’m told) is wrong. Things have developed completely as stated at the time. As long as that is the case, we will be aligned. “I don’t expect that to change.”
Three clubs reportedly feared being accused of breaking Premier League rules.
Top-flight clubs with total losses in the last two seasons presented their accounts on December 31 (pictured: Premier League chief executive Richard Masters in October 2024)
Leicester, which has lost its last five league games, returned to winning ways with a 6-2 rout of Queens Park Rangers in the FA Cup third round on Saturday.
The Foxes will still need to find wins quickly in the Premier League if they are to have any hope of surviving, with the first chance coming during Wednesday night’s clash against Crystal Palace at the King Power Stadium.
Three clubs had reportedly been under intense scrutiny during the 14-day review period.
Chelsea have been closely scrutinized, with the Blues having spent more than £1 billion on player transfers since the arrival in 2022 of new owners Todd Boehly and Clearlake Capital.
The club sparked outrage in April last year when the west London club sold a hotel at its Stamford Bridge site to one of its sister companies in a bid to avoid breaches of the PSR, in a move believed to have been welcomed. by the Premier. League.
Regulations allow the sale of “tangible fixed assets” to associated parties, and a vote to close the loophole was unsuccessful at the Premier League’s Annual General Meeting at the end of last season.
Chelsea ownership also sold the women’s team to its parent company, BlueCo Midco, on June 28, the year-end deadline for its 2023-24 accounts.
Everton were among the clubs accused last season, sparking protests from their supporters.
The Blues had expressed confidence they would comply with the rules.
Similarly, Manchester United were confident of complying with league rules despite posting losses of £113.2m for the year ending June 30, 2024 in September last year.
Last January, Everton and Nottingham Forest were accused of failing to comply with PSR regulations relating to their 2022-23 accounts, with the latter club having four points deducted.
The Toffees were docked two points when charges were heard at the end of the 2023-24 season, having previously had 10 docked in November 2023 for breaches of regulations in their 2021-22 accounts. It was later reduced to six on appeal.