Leicester City have successfully appealed the Premier League’s charge (Picture: Getty)

Leicester City have escaped the possibility of a points deduction after they successfully appealed a Premier League charge for alleged breach of Profit and Sustainability (PSR) rules.

The charges related to an alleged breach of financial rules during the 2022-23 season after the Foxes, who were relegated to the Championship at the end of that campaign, failed to submit their audited financial accounts.

The club eventually confirmed losses of £89.7m for the 2022-23 season on top of losses of £92.5m in the previous season. Top-flight clubs are permitted to lose a maximum of £105m over a rolling three-year period.

However, an independent panel has now ruled that the league does not have the power to impose sanctions – and a potential points deduction – following a successful appeal from Leicester which focuses on the fact that the club was not in the Premier League when the charges were issued.
Confirming the panel’s decision, the Premier League said it was ‘surprised and disappointed’ and will now consider an appeal of their own.

‘The Premier League is very disappointed with the Appeal Board?s decision, and the limited reasons provided for it,’ the statement continued. ‘The League remains of the view that the original Commission took the right approach in interpreting the rules in a practical and workable way that gives effec...