Leicester not out of the woods yet! Foxes still facing points deduction as Premier League prepares fresh PSR charge for possible overspending

The Foxes faced charges of breaking Premier League Profit and Sustainability Rules (PSR) relating to the three-year period ending with the 2022-23 campaign. The league accused the club of spending more than the permitted £105 million threshold for that period and referred the case to an independent commission. On Tuesday, the commission's verdict came out which upheld the club's appeal against the charges.

However, The Guardian now reports that the 2015-16 league winners could face another points deduction as the Premier League has asked the club to produce their 2023-24 accounts by the end of December. The league introduced a new PSR law last summer under which they can ask clubs who have made losses in the first two years of the three-year accounting period to produce their accounts by December 31 so that they can evaluate them and take appropriate sanctions by the end of the football season in June.

Despite the fresh summon, the Foxes remain confident that they are not in breach of PSR. The club incurred pre-tax losses of £92.5m and £90m in 2022 and 2023. The Premier League wants to review their finances for the period of 2021-24, because they were officially a top-flight club at the end of the most recent account period (June 30, 2024).

Steve Cooper's side will aim to register their maiden win of the 2024-25 campaign after the international break as they take on Crystal Palace on September 14.