“Foxes slain by the PSR!”: Leicester City deducted six points for breaching financial fair play

Things have gone from bad to worse for the former Premier League champions. (Image credits – Heute; Licence Details) 

2016-17 Premier League champions Leicester City have been deducted six points in the Championship for breaching financial fair play. The Foxes are now staring down possible relegation as they'll drop from 17th to 20th and are only out of the relegation zone because of having a better goal difference.

Leicester were charged for breaching FFP rules by the PSR for three years up to the 2023-24 season. The Foxes were relegated last season and are also without a manager after Marti Cifuentes was sacked after a poor run of results in the second division.

The club has released a statement disappointed with the decision by the FA, labelling it disproportionate.

“While the commission's findings significantly reduced the unprecedented scale of the sanction originally sought by the Premier League, the recommendation remains disproportionate and does not adequately reflect the mitigating factors presented, the importance of which cannot be overstated given the potential impact on our sporting ambitions this season," Leicester City’s official statement said. (sic)

It further added, "We are now reviewing the decision in full and considering the options available to us. We remain committed to engaging constructively and ensuring that any action is fair, proportionate and determined through the appropriate processes.”  (sic)

The club's accounts have shown a loss of £19.4 million. In the 2022-23 season they had confirmed an £89.7 million loss and a club-record £92.5 million loss the next year.

As per PSR guidelines, English clubs cannot lose more than £105 million over a period of three years, but the Foxes seemed to have exceeded that by quite a margin. This season so far has been nothing short of disastrous for the former Premier League champions, and the six-point deduction has further pushed them down the well. The club's aim has shifted from getting promoted to the top flight to saving themselves from getting relegated to the third division.