According to The Telegraph, Leicester were found to have made losses of 200 million in the three-year accounting period up to June 30, 2024. Clubs in England's top two divisions are permitted to lose a maximum of 105 million over a three-season period. This figure is lower for teams competing in the Championship for a partial or full duration of the relevant accounting period. In Leicester's case, the club's loss limit for period 2021-2024 was 81m.
League executives have spent the past 18 months attempting to introduce two new ways of controlling spending in the competition with clubs reluctant to sign up, despite a number of sides falling foul of the current PSR system. There was more discussion over possible rule changes at a meeting in central London on Tuesday, but there is, as of yet, no time frame for putting them to a vote and the chances that anything will be adopted before next season are receding.
Burnley are seeking upwards of 50m in lost earnings after the club were relegated and spent 2022-23 in the second tier, where broadcast revenues are significantly lower than the top flight. Everton were found to have breached the Premier League's Profitability and Sustainability rules (PSR) and were given a 10-point deduction, which was later reduced to six on appeal. The Clarets are back in the Premier League under the management of Scott Parker (Image credit: Getty Images)
