The Premier League says it is “surprised and very disappointed” after Leicester City 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 “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”.<…