finance expert gives Leicester deduction verdict as Leeds United wait

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Leeds United’s promotion rivals have been charged for an alleged financial breach.

Football finance expert Kieran Maguire believes Leicester City have breached profitability and sustainability rules by up to £30million amid calls from Championship clubs for punishment this season. Leicester announced a massive £89.7m loss for the 2022/23 season last week, confirming their third straight year of major losses. Over a three-year period in which the maximum permitted loss was £105m, the Foxes posted a total deficit of £215.

“But based on my figures and calculations, I think that Leicester are in the region of £25 to £30 million over the PSR limit. “What that would mean in terms of a points deduction should they return to the Premier League is unknown. Leicester will argue that because they’re not presently in the Premier League, they shouldn’t be subject to a deduction. I think from a legal point of view, it will be a fascinating commission hearing, assuming that it takes place.

 

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