Leicester City were charged by the Premier League last month for an alleged PSR breach
Leeds United promotion rivals Leicester City have posted a pre-tax loss of nearly £90m in their latest accounts. The accounts cover the 2022-23 season which saw the Foxes relegated to the Championship and they come just a couple of weeks after the club were charged by the Premier League for an alleged breach of the league's current Profit and Sustainability rules. Top flight clubs are permitted to lose up to £105m over a three-year period in the top flight. However, the £89.
The Foxes did sell players last season, with the likes of Wesley Fofana and James Maddison leaving the club, but they also paid out £206m in wages over the year, which was one of the highest wage bills outside the big six and relegation proved costly, too, not just when it comes to Premier League prize money, with revenue of £177m representing a 17 per cent drop from the previous year.
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