LEICESTER, ENGLAND - SEPTEMBER 22: Leicester City Manager Enzo Maresca during the Leicester City press conference at Leicester City Training Ground, Seagrave on September 22, 2023 in Leicester, United Kingdom. (Photo by Plumb Images/Leicester City FC via Getty Images)
Supporters’ Trust release PSR statement as they reveal Leicester City conversation
Foxes Trust will meet with Leicester City this week as they seek answers and more clarity about the club’s alleged breaching of profit and sustainability rules and EFL transfer embargo
Leicester City’s Supporters’ Trust – the Foxes Trust – have spoken with the club as they look to bring more clarity to a fanbase left anxious by charges from the Premier League and EFL around player spending at the King Power Stadium. City are alleged to have breached PSR rules but have launched legal action against both leagues in response.
The Foxes, second in the Championship, a point behind leaders Leeds United but with a game in hand, have been placed under a transfer embargo by the EFL – something they dispute – and have been referred to an independent commission by the Premier League for failing to submit audited finances. The commission could hit them with a points deduction if they’re deemed to have not co-operated.
City argue that the Premier League have no jurisdiction while the club are in the EFL. The club’s accounts are due to appear on the Companies House website by the end of this month or, because of the Easter weekend, at the very beginning of April. In the meantime, they’ve held talks with the Foxes Trust, who have ‘robustly challenged’ the club to clarify their situation. The club and the Trust are due to meet next week.
Foxes Trust had dialogue with LCFC subsequent to the issuing of sanctioning statements by the English Premier League and English Football League and has had further dialogue with the club today [Saturday],” the statement read. “Given the legal nature of the situation, we have to be careful in our approach by not stating anything publicly which could harm our club’s position, but we have robustly challenged the club to explain the current situation to the Trust.
“We will be meeting with the club during next week to discuss the 22/23 accounts just prior to their publication and will again raise questions about the financial consequences of relegation from the EPL, compliance with Profit & Sustainability Rules (PSR) and the likely impact across the 23/24 and 24/25 seasons.
