2023-24 accounts were submitted on Dec 31 for clubs with aggregate losses
Last season saw Everton and Nottingham Forest docked points for breaches
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Three Premier League clubs are waiting to find out if they have they will be charged with breaching the league’s Profit and Sustainability Rules – and run the risk of a points deduction – ahead of a decision on Tuesday, according to reports.
Clubs with aggregate losses in the last two accounting periods – 2021-22 and 2022-23 – were obliged under league rules to submit 2023-24 accounts to the Premier League by December 31, with any complaints to be issued to clubs by the league within 14 days.
Premier League sides are in breach if they exceed the maximum permitted ‘allowable limit’ of losses over three seasons – £105million – and the last year has seen a number of clubs either handed points deductions or narrowly avoiding them after appeal.
Last January, Everton and Nottingham Forest were charged for a breach of PSR regulations pertaining to their 2022-23 accounts, with the latter club docked four points.
The Toffees were docked two points as the charges were heard going into the end of the 2023-24 season, having previously been docked 10 in November 2023 for a breach of the regulations in their 2021-22 accounts. This was later reduced to six on appeal.
Leicester came close to receiving a similar punishment in September, but escaped after appealing their PSR decision, arguing that they were not under Premier League jurisdiction after being relegated to the Championship last season.
Premier League clubs are waiting to learn about potential Profit and Spending Rules charges
Top flight clubs with aggregate losses for the last two seasons submitted their accounts on December 31 (Pictured: Premier League’s chief executive Richard Masters in October 2024)
But the Foxes face a nail-biting wait to see if they might again be under the Premier League microscope after the newly promoted side posted cumulative losses of £124m in the three seasons ahead of relegation.
As per the Sun, all three of the clubs have been under heavy scrutiny during the 14-day review period.
Another Premier League side that has been scrutinised closely is Chelsea, who have spent over £1billion on player transfers since the 2022 arrival of new owners Todd Boehly and Clearlake Capital.
The club sparked outrage in April last year when the west London club sold a hotel on their Stamford Bridge site to one of their sister companies in a bid to avoid PSR breaches, in a move which is thought to have been well-received by the Premier League.
The regulations permit the sale of ‘fixed tangible assets’ to associated parties, with a vote to close the loophole unsuccessful at the Premier League’s AGM at the end of last season.
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 2023-24 accounts.
As per PA Media, the club are confident that they have complied with PSR regulations ahead of Tuesday’s decision.
Manchester United, too, are confident that they are compliant with the league’s rules despite posting losses of £113.2m for the year ending June 30 2024 in September of last year
