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

October 2 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 before 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: violation of the 2023-24 profit 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 the financial problem 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 usual 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 executives also experienced turmoil, with CEO Susan Whelan, who served for 15 years, leaving, and rumors said her relationship with football director Jon Radkin broke down.