Leicester City are the Premier League club most at risk of being charged with a profit and sustainability (PSR) breach for 2023-24.
That is the view of finance expert Stefan Borson, who exclusively told Football Insider he is “surprised” to hear the club are confident about their PSR situation.
Leicester were charged in March 2024 with a breach of the PSR rules for 2022-23 after reporting losses of £89.7million for that year alone, with top-flight sides only permitted to lose £105million over a rolling three-year period.
The club later successfully appealed against the Premier League’s right to charge them after there was confusion over which division they were registered in when they submitted their accounts following their relegation to the Championship.
Leicester had previously blocked an attempt from the EFL to sign them up to an agreed business plan in November 2023 after concerns were raised about another potential PSR breach for 2023-24.
But speaking on talkSPORT on 2 December, finance expert Kieran Maguire revealed King Power Stadium chiefs are “very confident” of avoiding a spending breach following their transfer dealings last season.
The club brought in around £90million across the latest accounting period following the sales of Harvey Barnes, Timothy Castagne and Kiernan Dewsbury-Hall as well as the compensation fee for Enzo Maresca’s move to Chelsea.
Leicester City should already know PSR situation for last season
Borson insisted Leicester should already know by now whether they have passed PSR for 2023-24.
He told Football Insider: “Looking at the numbers, I just don’t see where the confidence comes from.
“It’s an odd word to use anyway being confident. They should know for sure by now.
“Clearly, they put the numbers into the Premier League last week at the latest, and they have probably been in dialogue with them for some time.
“The numbers may well have been audited in October. We will have to see what the numbers look like when they come out, but it seems to me that they are going to fail.
“Their turnover can’t be much more than £120million. They had a wage bill of over £100million in the Premier League, so even if they have slashed the wage bill in half when they were in the Championship, I still think they would fail.
I was surprised that they were confident, but maybe that was a throwaway comment.
“I think they are the club most at risk.”
In other news, Van Nistelrooy could sign Man United star at Leicester.
