Leicester City is facing more uncertainty regarding potential points deductions due to the Premier League appealing against the latest decision in their profit and sustainability (PSR) case. Finance expert Stefan Borson believes that the governing body faces a significant challenge in getting the ruling overturned. The club was charged with breaching the PSR rules for the 2022-23 season after reporting losses of £89.7 million, exceeding the permitted limit of £105 million over a three-year period. Despite Leicester’s argument that they were no longer a Premier League club when the accounts were submitted following their relegation, an independent commission ruled against them in July. However, Leicester’s appeal against this ruling was successful, providing them with a boost to avoid a points deduction.
Recent reports indicate that the Premier League is preparing to submit an appeal against the decision. Borson expressed his skepticism about the likelihood of the appeal being successful, highlighting the stringent criteria for challenging an appeal board’s decision. The options for challenging the decision include fraud, bad faith, or misapplication of the law, with the latter being the most plausible scenario. Given the high caliber of the appeal board members and the legal arguments presented, it would be challenging to prove that the decision was irrational.
In light of these developments, it is crucial for Leicester City to navigate the legal proceedings effectively to avoid potential points deductions that could impact their performance in the Premier League. Fans and stakeholders will be closely following the updates on this case to understand the implications for the club’s future. Stay tuned for more exclusive news and insights on Leicester City by following our Facebook page or joining our new WhatsApp Channel for instant updates sent directly to your phone.
