For the first time in years, the Premier League’s financial review has concluded without charges or penalties for breaches of its PSR rules. Clubs were required to submit their accounts by December 31, and the league confirmed all have stayed within the £105 million loss limit over the three-year cycle, providing a much-needed boost to the competition’s integrity.
In a moment of financial harmony, the Premier League has announced that all 20 clubs met its stringent profit and sustainability (PSR) rules for the 2023-24 season, avoiding penalties that have marred recent campaigns.
The news comes after a turbulent period in which financial regulations were heavily scrutinized. Leicester City narrowly avoided sanctions last September after winning an appeal over alleged breaches. The independent panel ruled that the Premier League lacked jurisdiction to punish the Foxes, as their relegation to the EFL Championship in June 2023 effectively placed them under a different regulatory framework.
While Leicester dodged the bullet, others weren’t as fortunate in prior cases. Everton made headlines as the first club to be penalized under PSR rules in 2023, facing a six-point deduction after failing to reduce their losses to £105 million. In January 2024, the Toffees were hit again with a two-point penalty for further financial infractions, while Nottingham Forest endured a four-point deduction for exceeding thresholds tied to their promotion cycle.
Despite these setbacks for some, this latest clean sheet suggests a concerted effort among Premier League clubs to prioritize fiscal responsibility. Analysts believe stricter enforcement has prompted clubs to reassess spending, particularly as relegation now carries not only sporting consequences but also financial penalties.
