Leicester have won their appeal against a decision that an independent commission had jurisdiction to consider an alleged breach of the Premier League’s profit and sustainability rules.
The Premier League said it was “surprised and disappointed” by the move to uphold the Foxes’ appeal.
An independent appeal board found that Leicester’s accounting period – after it was claimed the club had exceeded the maximum permitted £105million loss over a three-season period – ended on June 30, 2023, after the club were relegated from the top flight.
Leicester City has won its appeal against a decision that an independent Commission had jurisdiction to consider an alleged breach by the Club of Premier League Profitability and Sustainability Rules (PSRs).
— Leicester City (@LCFC) September 3, 2024
The Premier League said that the appeal board’s decision “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”.
Leicester said it “welcomes” the decision, adding that the verdict “supports our consistently stated position that any action against the club should be pursued in accordance with the applicable rules”.
