No Premier League clubs have been charged with Profit and Sustainability breaches for the three-year period between 2021-2024.
Clubs who had recorded losses for the first two seasons of the latest three-season cycle were required to submit their accounts for the year ending June 2024 to the Premier League by December 31.
Profitability and Sustainability Rules mean clubs are not allowed to lose more than £105m over three-season rolling periods.
That is reduced by £22m for every season a club spends outside the Premier League during the reporting period.
There was speculation that a number of clubs – most notably Leicester – were in danger of breaching the rules, but all clubs have complied.
Leicester successfully appealed against a points deduction for the period ending 2022/23, arguing that the Premier League could not charge them because they had been relegated to the Championship and were under EFL jurisdiction.
The Premier League has appealed that and an arbitration process is ongoing.
A Leicester statement said: “Issues as to the jurisdiction of the Premier League over Leicester City Football Club in relation to PSR compliance are currently the subject of confidential arbitration proceedings.
“Accordingly, neither the League nor the club will make any further comment at this stage about any aspect of the club’s compliance or otherwise with any of the PSR or related rules, save to say that no complaint has been brought against Leicester by the League for any breach of the PSRs for the period ending season 2023-24.”
Nottingham Forest and Everton were charged and deducted four and eight points respectively a year ago after breaking PSR rules for the period 2020-23.
Tuesday marked the deadline when any complaints had to be issued under the league’s fast-track ‘standard directions’ for PSR, whereby the whole process – including appeals – has to be wrapped up by June 1, before the handover of Premier League ‘shares’ from relegated clubs to promoted clubs.
PSR is set to be replaced by a new set of financial rules for next season.
Clubs will instead be limited to spending 85 per cent of revenue on squad-related costs – dropping to 70 per cent for those involved in UEFA competitions in order to comply with the rules at continental level.
Why PSR news is good for Premier League clubs – and what now for Leicester?
Sky Sports News chief reporter Kaveh Solhekol:
“Quite a few Premier League sides [will be breathing a bigger sigh of relief than others] and also football supporters as well because the last thing we want to be doing over the next few months is talking about endless PSR cases and also having a Premier League table with asterisks next to clubs’ names because they have been deducted points for breaking financial rules.
“The good news is that no clubs have been charged; everybody is in the clear.
“There is just one little question mark hanging over Leicester City because Leicester are still in dispute with the Premier League, there is ongoing confidential arbitration. It’s all to do with a legal issue of technically whether Leicester City were a Premier League side when they submitted their accounts for the season ending summer 2023 because they’d been relegated.
“Leicester City were arguing: ‘look, we were relegated, we were in the EFL, we were not a Premier League side so we shouldn’t have been charged with breaching the financial rules’. That is all being sorted out at the moment in confidential arbitration proceedings.
“But, having said that and taken that into consideration, overall it is good news I think for Premier League clubs that no one has been charged.”