Three Premier League clubs fear they will be handed points deductions with PSR financial rule breakers set to be announced TODAY
- On December 31, 2023-2024 accounts were submitted for clubs with total losses
- Last season, Everton and Nottingham Forest scored points for fouls
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Three Premier League clubs are waiting to find out whether they will be charged with breaching the league’s profit and sustainability rules – and risk points deductions – ahead of a decision on Tuesday, according to reports.
Clubs with total losses in the last two accounting periods – 2021-22 and 2022-23 – were required under league rules to submit 2023-24 accounts to the Premier League by December 31, with any complaints made by the league within limits had to be imposed on the clubs. 14 days.
Premier League clubs are in breach if they exceed the maximum ‘allowable limit’ of losses over three seasons (£105 million). Over the past year, a number of clubs have received points deductions or have narrowly avoided them after an appeal.
Last January, Everton and Nottingham Forest were charged with breaching PSR rules in relation to their 2022-2023 season, with the latter club gaining four points.
The Toffees were docked two points when the charge was heard at the end of the 2023-2024 season, having previously been docked 10 points in November 2023 for breaches of the rules in their 2021-2022 accounts. This was later reduced to six on appeal.
Leicester came close to a similar punishment in September but escaped after appealing the PSR decision, arguing they were not under the jurisdiction of the Premier League after being relegated to the Championship last season.
Premier League clubs are awaiting information on potential costs to the profit and expense rules
Clubs with total losses over the past two seasons submitted their accounts on December 31 (Premier League CEO Richard Masters pictured)
But the Foxes face a nerve-wracking wait to see if they will find themselves under the Premier League microscope again after the newly promoted side recorded a cumulative loss of £124 million in the three seasons prior to relegation.
According to the sunall three clubs came under heavy scrutiny during the 14-day review period.
Another Premier League team being closely watched is Chelsea, who have spent more than £1 billion on player transfers since the arrival of new owners Todd Boehly and Clearlake Capital in 2022.
The club sparked outrage in April last year when the west London club sold a hotel at their Stamford Bridge site to one of their sister companies in a bid to avoid PSR breaches, a move that was reportedly well received by the Prime Minister. Competition.
The regulations allow the sale of ‘tangible assets’ to related parties, with a vote to close the loophole at the Premier League’s General Assembly meeting late last season unsuccessful.
Chelsea’s ownership also sold the women’s team to its parent company, BlueCo Midco, on June 28, the year-end cut-off point for their 2023-2024 accounts.
According to PA Media, the club is confident they have complied with PSR rules ahead of Tuesday’s decision.
Manchester United are also confident they are sticking to the competition’s rules, despite losing £113.2 million for the year ending June 30, 2024 in September last year.