Innovation Partner Simon Leaf provided commentary to City AM on the Premier League's decision to review its profitability and sustainability rules (PSR) after Leicester City's successful legal challenge. The case revealed a loophole that allowed Leicester to avoid sanctions for breaching PSR spending limits.
Simon commented: "The decision of the Appeal Board will come as a significant and indeed embarrassing blow to the Premier League and its Rule Book. Leicester and the club’s legal team have exploited a significant lacuna in the PSRs, which effectively confirms that relegated clubs that have a financial year that ends in June have a free pass when it comes to complying with the PSRs. [The decision will likely] embolden others that are presently undertaking their own legal challenges against the Premier League and those that may be subject to charges in the future. It demonstrates that despite the millions of pounds the Premier League has spent on lawyers in recent years, significant improvements are required to ensure that the regulations are applied as intended.”
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