- The Premier League has made a decision on the fate of Leicester City
- The Foxes have been investigated for possible non-compliance with PSR regulations
The Premier League has confirmed that no club will face charges over last season's profitability and sustainability regulations.
Reports emerged on Tuesday that three clubs feared being charged by the Premier League.
Clubs with aggregate losses in the last two accounting periods (2021-22 and 2022-23) were required, under league rules, to submit 2023-24 accounts to the Premier League by December 31, and the League was required to present any complaints to clubs within 14 days.
Leicester City were among the clubs considered at risk of a points deduction, but the Foxes have avoided that infringement.
The club, however, remains at risk pending the outcome of an ongoing jurisdiction case related to the 2022-23 season.
Leicester had escaped a sanction in September after appealing their PSR decision, arguing they were not under Premier League jurisdiction after being relegated to the Championship last season.
Leicester City avoided the reduction of points in the Premier League
It represents a great relief for Jamie Vardy and company in their attempt to survive in the top flight.
Ruud van Nistelrooy revealed that he had positive conversations with the owners about the situation last week.
Mail Sport reported last week that the governing body planned to announce imminently whether the Foxes had breached its profitability and sustainability regulations, which allow clubs to lose no more than £105m over a three-year period.
The Premier League found that the East Midlands club did not breach the rules and subsequently confirmed that no points will be deducted. The £105m figure was reduced for Leicester due to their spending in the Championship last season.
Leicester will remain in 19th place with 14 points, between Ipswich with 16 and Southampton with six, ahead of what promises to be a fight for Premier League survival.
“Issues relating to the Premier League's jurisdiction over Leicester City Football Club in relation to compliance with the PSR are currently the subject of confidential arbitration proceedings.
“Consequently, neither the league nor the club will comment further at this stage on any aspect of the club's compliance with any of the PSR or related rules, other than to say that the league has not made any complaint against Leicester for any breach of the PSRs for the period ending the 2023-24 season.
When asked last week about the threat of a points deduction, Ruud van Nistelrooy said: “The conversations I have had with the hierarchy have been very good conversations. When I accepted the job I had many questions about these issues.
“For me it was very important to be able to understand where the club is and where they want to go, and what my role would be in that.
'We started working together and so far there's been no sign that anything (I'm told) is wrong. Things have developed completely as stated at the time. As long as that is the case, we will be aligned. “I don’t expect that to change.”
Leicester, which has lost its last five league games, returned to winning ways with a 6-2 rout of Queens Park Rangers in the FA Cup third round on Saturday.
The Foxes will still need to find wins quickly in the Premier League if they are to have any hope of surviving, with the first opportunity coming during Wednesday night's clash against Crystal Palace at the King Power Stadium.