Journalist Phil Hay has provided an update on Leeds United’s adherence to PSR (Profit and Sustainability Rules) regulations in light of Leicester City facing a potential points deduction for overspending. According to Sky Sports, Leicester could face consequences for breaking the Premier League’s financial rules, with their accounts likely to reveal a breach of the £105 million threshold over a three-year period. The punishment, expected as early as next week, could see them starting the 2024/25 campaign with a deficit.
Unlike Everton and possibly Nottingham Forest, Leicester’s penalty would be delayed until next season due to the Premier League’s decision to expedite financial breaches only for current top-flight teams. Leeds, who were relegated alongside Leicester last season, have also come under scrutiny for their spending habits. Hay, from The Athletic, shared insights on Leeds’ compliance with PSR rules during an appearance on the Square Ball podcast.
Hay stated, “Leeds have always been compliant with PSR, although they may have had to take certain measures like expediting the Sinisterra deal to Bournemouth to stay within the limits. It is crucial for Leeds to secure promotion to the Premier League this season in order to boost their financial stability.”
Promotion to the Premier League would significantly benefit Leeds financially, with projected revenue increases ranging from £135 million to £265 million, as estimated by Deloitte. With Leeds currently in the race for automatic promotion or a play-off spot, the stakes are high for the club to return to the top-flight. Failure to secure promotion could lead to financial challenges and an extended stay in the Championship.
As Leeds continue their pursuit of Premier League return with 10 games remaining, their fate hangs in the balance. The club is determined to secure a promotion spot as they aim to solidify their place as a Premier League team once again. The coming weeks will be crucial for Leeds as they look to achieve their long-term goals and financial stability in the top-flight.
