Town’s survival rivals Leicester City have escaped a Profitability and Sustainability Rules (PSR) sanction from the Premier League for 2023/24 but could still face action regarding the previous season.
The Premier League announced this morning that no clubs will face a penalty for breaching their PSR rules during 2023/24, but with the Foxes, currently second bottom, two points behind the Blues, still being pursued regarding 2022/23.
In September, Leicester, who were facing a significant points deduction, successfully argued in court that the Premier League did not have the jurisdiction to charge them as they had, having been relegated to the Championship, relinquished their Premier League share a fortnight prior to the point of the breach at the end of their accountancy year on June 30th. However, the Premier League subsequently appealed.
A Premier League spokesman said: "Issues as to the jurisdiction of the Premier League over Leicester City Football Club in relation to PSR compliance are currently the subject of confidential arbitration proceedings.
"Accordingly, neither the League nor the club will make any further comment at this stage about any aspect of the club’s compliance or otherwise with any of the PSR or related rules.
"No complaint has been brought against Leicester by the League for any breach of the PSRs for the period ending season 2023/24.”
Clubs are restricted to losses of a maximum £105 million over three years with the limit reduced by £22 million in seasons spent outside the top flight. Spending on infrastructure, academies, women’s teams and community schemes is not included.
December 31st was the deadline to submit their accounts with the Premier League having 14 days in which to bring any charges.