Football finance expert Kieran Maguire discusses Leicester's appeal win over alleged PSR breach

Football finance expert Kieran Maguire discusses Leicester after they won their appeal over an alleged breach of Profitability and Sustainability Rules (PSR)

Leicester have won an appeal against a decision that could have led to a points deduction for an alleged breach of Premier League Profit and Sustainability Rules (PSR).

The Premier League said it was "surprised and disappointed" by the decision of an independent panel to rule that it could not punish Leicester for allegedly exceeding the £105m PSR threshold between 2019 and 2023.

The panel found that Leicester's accounting period ended on June 30, 2023 after the club were relegated from the top flight - meaning the Premier League did not have jurisdiction to punish them.