Leicester City 'still facing points deduction' this season despite PSR ruling

Leicester City are reportedly prepared to receive a points deduction this season despite evading punishment for past financial shortcomings.

The Foxes were charged in March with a breach of the Premier League's Profit and Sustainability Rules (PSRs) for the three-year accounting period ending with the 2022-23 campaign.

Top-flight clubs are permitted to record a total loss of £105m over a three-season spell, although Leicester soared massively over that amount.

The East Midlands side lost £89.7m in the 2022-23 term alone, the season in which the club finished 18th in the Premier League and suffered relegation to the Championship.

On Tuesday, Leicester confirmed that they had been successful with an appeal against their alleged PSR breach, with the Premier League and Independent Commission forced to end the pursuit of punishment against the Foxes.

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Leicester still face points deduction?

Leicester won their appeal against charges brought to them in March because of a technicality in the legislation written up to the Premier League in their PSR guidelines.

The former top-flight champions sold their shares in the Premier League to Luton Town at the start of June 2023, meaning that the Foxes were no longer a top-flight side when they submitted their 2022-23 accounts on June 30, 2023.

As a result, the Premier League and an Independent Commission have no jurisdiction to charge Leicester for a breach of PSR for 2022-23 as they were classified as an EFL club.

That being said, Football Insider are reporting that Steve Cooper's side are still set to receive a points deduction before the end of the current campaign.

It is understood that the Foxes have fallen well short of staying within the PSR restrictions for the 2023-24 term, despite the £40m sale of Kiernan Dewsbury-Hall to Chelsea earlier in the summer.

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How are Leicester doing on the pitch?

Whilst a murky off-field situation rumbles on at the King Power Stadium, Cooper is doing his best to earn enough points to secure Leicester's Premier League safety.

The Foxes have collected just one point from their opening three top-flight matches, with their only result coming against Ange Postecoglou's Tottenham Hotspur on August 19.

Since then, Leicester have enjoyed a 4-0 thrashing of League Two side Tranmere Rovers in the second round of the EFL Cup, sandwiched between back-to-back league defeats at the hands of Fulham and Aston Villa.

Despite all of the changes at the club since their historic 2015-16 Premier League triumph, Jamie Vardy is still leading the forward line for the East Midlands outfit.

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