Leicester City Faces Double Points Deduction for Breaching Financial Regulations
Leicester City is on the brink of facing a severe penalty for violating financial spending rules during their Championship campaign. According to reports, the club is under investigation for breaching the Profitability and Sustainability Rules (PSR) and may face two separate points deductions.
The Foxes, who are set to kick off their Premier League season against Tottenham, are under scrutiny for exceeding the £105 million loss limit for the financial period ending in 2022-23. The club’s financial troubles may be linked to their significant spending in recent years, both in terms of transfer fees and player wages.
Premier League Investigation
The Premier League has been investigating Leicester’s financial dealings, and sources indicate that the league is likely to push for two separate points deductions. This would be a significant blow to the club’s chances of competing with the best teams in England.
Comparison to Everton’s Case
Leicester’s situation bears similarities to Everton’s, who received two separate points deductions for financial overspending during successive three-year periods. Everton initially had a ten-point penalty reduced to six on appeal for breaches covering the 2021-2022 period. However, they were later penalized with an additional two-point deduction for the subsequent period in 2022-23.
Delayed Proceedings
The case against Leicester City has been delayed after the club launched a legal challenge, arguing that the Premier League had no jurisdiction to charge them while they were competing in the Championship. The charges relate to Leicester’s financial losses of £215.3 million between 2020 and 2023, exceeding the £105 million limit.
New Manager Steve Cooper
Meanwhile, Leicester is set to kick off their season at home against Tottenham under their new manager, Steve Cooper. The former Swansea City boss will be hoping to guide the Foxes to a strong start despite the looming threat of points deductions.
Key Takeaways
- Leicester City faces two separate points deductions for breaching financial regulations.
- The club exceeded the £105 million loss limit for the financial period ending in 2022-23.
- The Premier League is likely to push for two separate points deductions.
- Leicester’s situation bears similarities to Everton’s, who received two separate points deductions for financial overspending.