Premier League PSR news: Clubs avoid profit and sustainability charges for 2021-2024 period | Football news

No Premier League clubs have been accused of profit and sustainability breaches in the three-year period between 2021-2024.

Clubs that had recorded losses for the first two seasons of the most recent three-season cycle had to submit their accounts for the year ending June 2024 to the Premier League by 31 December.

Profitability and sustainability rules mean clubs cannot lose more than £105m. over three-season rolling periods.

This is reduced by £22m for each season a club spends outside the Premier League during the reporting period.

There was speculation that a number of clubs – notably Leicester – were in danger of breaking the rules, but all clubs have complied.

Leicester successfully appealed a points deduction for the period ending 2022/23, arguing that the Premier League could not charge them because they had been relegated to the Championship and were under EFL jurisdiction.

The Premier League has appealed it and an arbitration process is underway.

A Leicester statement said: “Questions regarding the Premier League’s jurisdiction over Leicester City Football Club in relation to PSR compliance are currently the subject of confidential arbitration proceedings.

“Therefore, neither the League nor the Club will comment further at this stage on any aspect of the Club’s compliance or otherwise with any of the PSR or related regulations, except that no complaint has been made against Leicester by the League for any breach of The PSRs for the period ending the 2023-24 season.”

Nottingham Forest and Everton were fined and deducted four and eight points respectively a year ago after breaching PSR rules for the 2020-23 period.

Tuesday marked the deadline for any complaints to be aired under the league’s fast-track ‘standard guidelines’ for PSR, with the entire process – including appeals – to be completed by June 1, before the transfer of Premier League ‘shares’ from relegated clubs to promoted clubs .

The PSR is to be replaced by a new set of financial rules for next season.

Clubs will instead be limited to spending 85 per cent of revenue on squad-related costs – falling to 70 per cent for those involved in UEFA competitions to comply with rules at continental level.

Why Leicester don’t celebrate PSR win

Sky Sports’ Rob Dorsett on Leicester avoidance of PSR charges for the period 2021-2024:

“There are no big celebrations inside Leicester City today because they are still undecided when it comes to the PSR and the economy remains very tight. But the fact that they will not face a sanction for breaking the rules at this stage – and crucially, an immediate point haul – will be a huge boost for Ruud van Nistelrooy and the players as they fight for relegation.

“The Premier League is not seeking a charge against Leicester because at the moment they cannot. Until the outcome of the confidential arbitration case is known, it is not clear whether the league has jurisdiction over the East Midlands club during the season they were in the Championship.

“In September 2024, Leicester won a legal battle arguing that they had already been relegated from the top division when their accounts were filed in June 2023. Premier League rules could not apply to them at that time. The league appealed that decision, and the results of that arbitration are not yet known – nor is there a timescale for when they will be published.

“It is still possible that – if the arbitration process goes like the Premier League – Leicester could be penalized retroactively. Some reports suggest they have breached the latest three-year accounting limit by £12m. But behind the scenes, not only a tough decision that they’ve done nothing wrong, but also a tentative belief that this could be the end of Leicester’s PSR worries, remember the rules need to change in time for the start of the next one season.

“However, even if Leicester avoid a points deduction in the long term, the financial climate is quite bleak – not despite Leicester working incredibly hard to cut their costs in recent seasons. After relegation in May 2023, they raised almost 100 million pounds in 12 months with the sales of Kiernan Dewsbury-Hall to Chelsea, Harvey Barnes to Newcastle and Timothy Castagne to Fulham.

“They expect any new arrivals this month to be offset by exits and, even if they avoid relegation, they are almost certain to take a cautious approach to the summer transfer window.”

Why PSR news is good for Premier League clubs

Sky Sports News chief reporter Kaveh Solhekol:

“A lot of Premier League teams (will breathe a bigger sigh of relief than others) and also football supporters because the last thing we want to do over the next few months is talk about endless PSR cases and also have a Premier League The league table with stars next to the clubs’ names because they have had points deducted for breaking financial rules.

“The good news is that no clubs have been charged; everyone is aware of it.

“There is only a small question mark hanging over Leicester City because Leicester are still in dispute with the Premier League, there is ongoing confidential arbitration. It all has to do with a legal question as to whether Leicester City was a Premier League team , when they submitted their accounts for the season ending in the summer of 2023 because they were relegated.

“Leicester City argued: ‘look we got relegated, we were in the EFL, we weren’t a Premier League team so we shouldn’t have been accused of breaking the financial rules’. It’s all being sorted out currently in confidential arbitration proceedings.

“But having said that and taking that into account, overall it’s good news for Premier League clubs that nobody has been charged.”