£215.3m Breach: Points deduction looms as Leeds United and others want huge Leicester City sanction now.

£215.3m Breach: Points deduction looms as Leeds United and others want huge Leicester City sanction now.

Leeds United appears to be among the many clubs that want to see Leicester City face a severe punishment from the EFL following their most recent public accounting that indicates a PSR violation.

Leeds, one point ahead of third-place Leicester City despite having played one fewer game, are leading the Championship promotion race with six games left.

Due to the extreme financial strain that Leeds, Leicester, and Southampton are under, the Foxes must go up immediately to guarantee that they have no more problems in the future.

After the Premier League and EFL tightened down with sanctions against Enzo Maresca‘s team, The Telegraph has disclosed everything regarding Leicester’s present financial situation in the Championship.

Currently, the only punishment is an EFL embargo that forbids them from signing new players or even from giving existing players new contracts, but clubs clearly want more after the Foxes appeared to have unfairly benefited from spending more than they could afford.

Over the rolling three-year period under consideration, Leicester has reported losses of £215.3 million. Their most recent accounts for the 22/23 fiscal year show a loss of £89.7 million, even after including in the sales of Wesley Fofana for £70 million and James Maddison for £40 million.

According to the same article, Championship teams want sanctions put in place to make sure that Leicester’s high expenditure and inflated pay bill don’t give them an unfair edge during current season, where they have been so dominant:

“The Football League’s financial reporting unit has already raised concerns over information submitted last year for this season. Though the EFL failed to impose a business plan on the club, they have since placed them under a player registration embargo.

“Many Championship clubs are demanding sanctions as they insist Leicester’s promotion challenge has been established with an unfair sporting advantage.“

Leicester are in huge trouble either way next season

Leeds, Southampton, and especially Ipswich must put up with one team practically scamming their way to the top, which is annoying.

Even when compared to Leeds and the Saints, their salary bill is absolutely outrageous for the Championship, and they have spent far over their means.

A penalty now would be quite significant because it would send them to the lottery for the playoffs, which would be tough for them to win easily.

Sanctions for the upcoming season won’t help us at all, unless we rise with them, since that would probably write them out for survival given that they already know they must offload important players in order to balance the books.

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