Facing a point deduction crisis! Telegraph: Leicester City violates league financial rules and may be fined this season

The Telegraph reported that Leicester City is facing a point deduction crisis, and the club's legal dispute with the Premier League is expected to open by the end of the year, but the results may not be announced until next year, which casts a shadow on their prospects for upgrades this season.

Leicester received three charges from the Premier League after May: violating the 2023-24 season's Profitability and Sustainability Rules (PSR), failure to submit accounts by the deadline, and failure to assist in the Premier League investigation. Under the new regulations, any penalties (including points deductions) may be implemented this season. The root cause of financial problems can be traced back to the 2021-22 season, when the club spent about £50 million to sign ups, but failed to sell core players as they did in the past to balance revenue and expenditure. This has resulted in the club's cumulative losses of more than £200 million in the three years ended June 2024, far exceeding the PSR's allowable loss cap of £81 million. The club's senior management also experienced turmoil, with CEO Susan Whelan, who served for 15 years, leaving the company, and rumors said her relationship with football director Jon Radkin broke down.

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