Manchester United and five other Premier League clubs discovered their fate over PSR charges on Tuesday. The clubs faced an anxious wait to find out whether they would be hit by sanctions.
The reporting period related to the time between 2021 and 2024. Clubs that recorded losses for the first two years of the reporting cycle had to submit their accounts for the financial year ending in June 2024 by December 31.
The Premier League said in a statement: “Issues as to the jurisdiction of the Premier League over Leicester City Football Club in relation to PSR compliance are currently the subject of confidential arbitration proceedings.
“Accordingly, neither the league nor the club will make any further comment at this stage about any aspect of the club’s compliance or otherwise with any of the PSR or related rules, save to say that no complaint has been brought against Leicester by the league for any breach of the PSRs for the period ending Season 2023-24.”
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