Leicester City official statement – Club win PSR appeal | OneFootball

A major official statement (see below) released by Leicester City on PSR.

The Foxes revealing they have won their appeal.

Released on Tuesday night, this Leicester City statement surely only underlines just what a mess the Premier League set-up is with regards to PSR.

A massive relief as well for Leicester City, who look to have a massive job on when it comes to avoiding relegation this season to start with, without then having to deal with possible points deduction(s).

Leicester City official statement – 3 September 2024:

‘Leicester City has won its appeal against a decision that an independent Commission had jurisdiction to consider an alleged breach by the Club of Premier League Profitability and Sustainability Rules (PSRs).

The Premier League first referred the Club to an independent Commission in March 2024 for an alleged PSR breach relating to the assessment period ending 30 June 2023. The Commission dismissed the Club’s initial challenge to its jurisdiction to hear the case, but the Club’s challenge has now been upheld by an independent Appeal Board, which reversed the Commission’s finding.

Leicester City welcomes the Appeal Board’s comprehensive decision, which supports our consistently stated position that any action against the Club should be pursued in accordance with the applicable rules.

To avoid any misunderstandings which may arise in light of the statement which has been issued by the Premier League in response to the appeal decision, Leicester City wishes to emphasise the finding of the Appeal Panel that, when considering the wording which is actually used in the Premier League rules (in accordance with established principles of English law) the Club did not breach the Premier League PSRs for the assessment period ending 30 June 2023.

In its decision, the Appeal Board (which was made of up a panel of three experienced, senior lawyers, two of whom are former Court of Appeal judges) identifies flaws in the drafting of the Premier League’s rules. In challenging the Premier League’s attempts to charge Leicester City, the Club has simply sought to ensure (in the interests of providing consistency and certainty for all clubs) that the rules are applied based on how they are actually written.’