Why 2016 Premier League winner Leicester City is facing point deduction threat?

Leicester City is a well-owned club in England and is currently the league leader of the Championship. Nicknamed “The Foxes,” the club is well known for their miracle run in 2016, where they went on to win the Premier League, defying all the odds.

After being relegated from the Premier League last season, they have shown resilience as they achieved astonishing figures in the championship and are on their way to being back in the Premier League. Recently, Leicester were one of the clubs on the move as they were planning to sue a Premier League club, accusing them of contributing to their relegation. However, the tables have turned as they found themselves in a very precarious position.

Why does Leicester City face point deduction threat?

The 2015/16 Premier League winners emerged as the newest addition to the list who can be facing a point deduction for breaching the Profit and Sustainability rules. The EFL financial reporting unit(CFRU) has stated that the club has failed to submit the 2023-24 accounts which was due to 1st of March, potentially leading to major repercussions in future.

As per the reports, the Foxes has broken the PSR rule by exceeding the spending limit of the Premier League last season with a deficit of over £105 million and also came into the hot radar line this season. Additionally they are under scrutiny as they found themselves incurring £83 million loss in the Championship this season.

Thus, now Leicester has found themselves in a huge trouble as they have to reduce such deficit before the end of the June. If they failed to do it, they might face a point reduction even upon promotion. This means that the club might be selling some big players to raise significant funds.

However, Foxes are not the only team who can face deduction; Nottingham Forest is also under investigation for breaching the PSR rules. Additionally, Everton has already been penalized with a 10 points deduction and currently sits in the lower half of the table.

How is Leicester City faring in Championship?

Leicester City were relegated to EFL after a successful 9-seasons run in the Premier League. Since then, they have taken the EFL with storm. The high flying Leicester is currently sitting at the top of the table and is one of the 3 potential teams which can be promoted.

Following a 4 years tenure as the manager of the club, Brendan Roger’s was sacked after Leicester City was relegated. He was then succeeded by Enzo Maresca, who has just transformed the team completely and made this team as one of the exciting teams to watch in the EFL with an impressive win percentage of 72%.

Leicester City have played a total of 36 matches in the League winning 26 and has only lost only 7 matches with 3 draws. The club exceptional performance has also led the team to the quarter finals where they face Chelsea on 17th March.

The Premier League has been monitoring many clubs for breaching the PSR rules and are enforcing strict action whoever they found guilty like they did against Everton. So share your thoughts regarding this and tell us which other clubs can face such repercussions.