Leicester City have got themselves into a tricky position after definitively arguing they were not a Premier League team when they submitted their accounts in June 2023.
That is the view of finance expert Stefan Borson, who exclusively told Football Insider the club’s accounts for the year ended 30 June 2023 actually states their profit and sustainability (PSR) position was controlled by the Premier League for that year.
Leicester were charged in March with a breach of the Premier League’s PSR rules for 2022-23, with a points deduction the likely punishment.
But they argued they were no longer a top-flight side when they submitted their accounts on 30 June last year following their relegation to the Championship.
After an independent commission dismissed those claims in July and ruled they could be charged by the Premier League, Leicester confirmed in a statement on 3 September their appeal against that ruling has been successful.
The Guardian reported on 18 September the EFL now wants to charge Steve Cooper’s side with a PSR breach if they are relegated to the Championship again.
Leicester in tricky position after winning appeal against Premier League
“I think they have got quite a tricky position now that they have argued definitively that they were not a Premier League team,” Borson told Football Insider.
“It’s interesting actually if you look at their accounts.
Their accounts for the year ended 30 June 2023 actually stated that the Premier League controlled the PSR position for that year and the EFL for the subsequent season.
“Now I think they a
