PL bosses plan new attack on Leicester after so-called disappointment

Steve Cooper will be hoping his board have successfully avoided any points deductions this campaign with the legal victory and sale of Kiernan Dewsbury-Hall before the 30th June. However, this might end up being put to the test earlier than normally expected.

The Premier League introduced new powers to ensure if a club were expected to have breached PSR-compliant losses before the end of the 3-year period the rules are applicable to, they can ask for the accounting to be submitted early. The reason for that rule is to ensure breaches can be investigated and sanctions imposed during the same season the breach is said to have occurred. No legal technicality of ‘not being in the competition at the end of the accounting period’ can save the Foxes if this were to be imposed.

Leicester City’s new PSR troubles

What this means is that for the current three-year period, the Foxes will have to submit the finances for the first two years by December 31 2024. If this is applied, the League expects Leicester’s finances for that two year period - including their EFL campaign - breached acceptable losses of around £83m.

This is due to deductions coming from the King Power club having been in the Championship for a season - of around £22m - and the usual acceptable losses are £105m. So, the League want to see if Leicester City have already breached PSR. Whatever their accounts show, the £30m of pure profit from KDH, the compensation for the loss of Enzo Maresca, and the reduction in the wage bill will be the significant factors the club are hoping will have returned them within the £83m.

If not, then a minimum on three points could be deducted, plus an extra point for every £6.5m the club have overspent could be imposed on the East Midlands side. Obviously we cannot know until the reports are made public, but the purchases of Abdul Fatawu, Caleb Okoli, Oliver Skipp for £20m, and Bilal el Khannouss and their wages could harm Leicester. Not to mention retaining Jannik Vestergaard and Jamie Vardy - both well payed.