Leicester City hit with major points deduction after 200m loss and financial rule breach: report

"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."

"Leicester won a previous appeal in September 2024 when an independent panel ruled that the Premier League did not have the requisite jurisdiction to punish the club for an alleged PSR breach because they had already been relegated to the Championship when the accounting period came to an end on June 30, 2023. However, the Foxes were unable to bring the club's financial reports into line for the period beginning July 1, 2021 and ending June 30, 2024."

Leicester City 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, with a lower limit for teams in the Championship; Leicester's loss limit for 2021-2024 was 81m. An independent panel had previously ruled in September 2024 that the Premier League lacked jurisdiction to punish the club for an alleged PSR breach tied to the 2022-23 relegation timing. Leicester were unable to bring financial reports into line for July 1, 2021–June 30, 2024, have been hit with a six-point deduction which they can appeal, sit 20th in the Championship and are level on points with Blackburn and West Brom while manager-less after parting with Marti Cifuentes.

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