Every Premier League FFP charge so far and outcomes after Leicester decision as Everton wait

Leicester City has been hit with charges from the Premier League for allegedly violating the Profit and Sustainability Rules (PSR) for the 2022/23 season. This development comes as Everton is also facing scrutiny and awaiting the outcome of their own second set of charges.

The charges against Leicester City stem from financial activities during their last season in the Premier League before being relegated. The Premier League has now referred the club to an Independent Commission due to these alleged breaches and for failing to submit their audited financial accounts as required.

A statement from the Premier League clarified the situation: “Leicester City FC is now subject to an independent Commission for an alleged breach of the Profitability and Sustainability Rules and for not providing their audited financial accounts to the League. This issue pertains to the financial assessment period concluding with the 2022/23 season when Leicester was part of the Premier League.”

Since Leicester City’s relegation occurred before the Premier League’s new Standard Directions—which set a timeline for PSR cases to be heard—the proceedings will follow a schedule determined by the independent Commission, with the final decision to be published on the Premier League’s website.

Leicester City is the third club this season to face such charges from the Premier League, following Everton and Nottingham Forest. Notably, Everton was initially docked 10 points for their financial breaches, which was later reduced to six points upon appeal. Nottingham Forest also received a four-point deduction for their breach of £34.5 million.

The Premier League’s actions against Manchester City are also noteworthy, with the reigning champions facing 115 alleged breaches of financial regulations over nine seasons, from 2009/10 to 2017/18. The outcome of these charges and any potential sanctions are yet to be determined, with a hearing scheduled for late autumn of 2024.

In a historical context, Portsmouth faced a nine-point deduction during the 2009/10 season after entering administration with debts of £65 million. This penalty contributed to their relegation from the Premier League, and the club has not returned to the top flight since.

As the Premier League continues to enforce its financial regulations, clubs like Leicester City and Everton are left to navigate the implications of these charges, which could have significant impacts on their future in English football.