- The Premier League have reached their decision over Leicester City’s fate
- The Foxes have been under probe over a potential breach of PSR regulations
The Premier League have confirmed no clubs will face charges over profitability and sustainability regulations for last season.
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 obliged under league rules to submit 2023-24 accounts to the Premier League by December 31, with any complaints to be issued to clubs by the league within 14 days.
Leicester City were among the clubs considered at risk of a points deduction, but the Foxes have avoided a breach.
The club, however, remain 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 that they were not under Premier League jurisdiction after being relegated to the Championship last season.
Leicester City have avoided a points deduction from the Premier League
It presents a massive relief for Jamie Vardy and Co as they bid for survival in the top flight
Ruud van Nistelrooy revealed he had positive talks with the owners over the situation last week
Mail Sport reported last week that the governing body imminently planned to announce whether the Foxes had breached their profitability and sustainability regulations, which permit clubs to lose no more than £105million over a three-year period.
The Premier League have found that the east Midlands club did not breach the rules and subsequently have confirmed they will not be docked points. The £105m figure was lowered for Leicester due to their expenditure in the Championship last season.
Leicester will remain in 19th place on 14 points, sandwiched between Ipswich on 16 and Southampton on six, ahead of what promises to be a scrap for Premier League survival.
‘Issues as to the jurisdiction of the Premier League over Leicester City Football Club in relation to PSR compliance are currently the subject of confidential arbitration proceedings.
‘Accordingly, neither the league nor the club will make any further comment at this stage about any aspect of the club’s compliance or otherwise with any of the PSR or related rules, save to say that no complaint has been brought against Leicester by the league for any breach of the PSRs for the period ending Season 2023-24.’
When asked about the threat of a points deduction last week, Ruud van Nistelrooy said: ‘The conversations that I’ve had with the hierarchy have been very good conversations. When I took the job I had a lot of questions about these topics.
‘It was very important for me to be able to understand where the club is and where they want to go to, and what my role in that would be.
‘We started working together and so far there has been no sign that anything (I was told) is not right. Things have unfolded completely as it was said at the time. As long as that is the case, we are aligned. I don’t expect that to change.’
Leicester, who have lost their last five league games, returned to winning ways with a 6-2 thrashing over 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 survival, with the first opportunity coming during Wednesday night’s clash against Crystal Palace at the King Power Stadium.
