The Premier League has confirmed no charges will be brought against its clubs for breaching profit and sustainability (PSR) rules, with all 20 teams deemed financially compliant for the 2023–24 season.
Most clubs submitted their accounts by December 31, with regulations capping allowable losses at £105 million over three years. While Leicester City were previously under scrutiny, their appeal against a charge for the period ending 2022–23 was upheld due to jurisdiction issues following their relegation to the Championship.
Understanding PSR
Introduced in 2015-16 to prevent overspending after Portsmouth’s financial collapse, PSR rules permit losses up to £105m over three years, excluding academy, infrastructure, and community spending.
Past Breaches
Everton became the first club charged under PSR in 2023, receiving a points deduction for exceeding loss limits. Nottingham Forest and Aston Villa also faced scrutiny for narrowly avoiding breaches through strategic player sales.
Leicester’s Case
Leicester’s arbitration with the Premier League continues after they sold key players, such as Kiernan Dewsbury-Hall, to meet PSR limits. Despite compliance with the latest cycle, their financial position remains under review.
Key Transfers to Comply
Aston Villa, Newcastle, and Chelsea made notable player trades before the June 30 deadline to stay within PSR margins, with Villa and Newcastle offloading academy products for “pure profit” in accounting terms.
The Premier League remains vigilant, aiming to balance financial integrity with competitive fairness.
