The Foxes face points deductions from the Premier League and are currently under a transfer embargo from the EFL
2022-23 accounts have revealed a loss of £89.7m – which the club admits means they “may be found not to be in compliance” with Profit and Sustainability Rules .explains what Leicester’s accounts reveal about the embargo and any potential points deductions, why promotion this season is so important, and the long-term effects of their shock relegation.There really aren’t many positives to take from Leicester’s 2022-23 accounts.
Given, as Leicester allude to in their accounts, the Premier League are considering moving the £105m PSR loss limit to a squad-cost ratio model, this is particularly concerning for the Foxes. In their accounts, Leicester said: “The club anticipates that it may be found not to be in compliance with the applicable PSR for the three-year reporting period ending 2022-23.
“However, for a club such as ours, whose sustained sporting achievements have justified the levels of investment required to compete with the most established clubs and pursue our ambition, a season of such significant under-performance on the pitch presents financial challenges, particularly from the perspective of the game’s current profit and sustainability rules.”Leicester do not only face charges from the Premier League – they are also under a player registration embargo from the EFL.
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