Profitability and Sustainability | Today news

ALL POSTS TAGGED "Profitability and Sustainability"

News

/ 102 days ago

Leicester avoids PSR penalty thanks to relegation loophole

Leicester City has successfully won its appeal after previously being charged with a penalty for breaching profit and sustainability rules (PSR). Premier League officials originally charged the Foxes for exceeding the three-year loss limit of about $137 million. Leicester recorded combined losses of nearly $170 million ending in the financial year of 2022/23. In the […]

News

/ 255 days ago

Premier League clubs consider axing PSR in favor of luxury tax

Premier League officials are reportedly considering getting rid of financial restrictions now in place. Current Profit and Sustainability Rules (PSR) state that teams cannot exceed $133 million in losses over three years. The law has seen Everton and Nottingham Forest both receive points penalties throughout the current campaign. Other clubs, such as Chelsea and Newcastle, […]