Leicester City has successfully won an appeal against the Premier League regarding an alleged breach of Profitability and Sustainability Rules (PSRs), which could have resulted in a points deduction. The independent appeal board determined that Leicester's accounting period ended on June 30, 2023, which meant the Premier League lacked jurisdiction to impose penalties after Leicester's relegation. The Premier League expressed surprise and disappointment at this outcome, stating it creates a precedent allowing clubs to evade accountability for exceeding financial thresholds. Leicester welcomed the decision, emphasizing that it reinforces their position on the application of the rules. The ruling is significant as it contrasts with previous penalties faced by clubs like Everton and Nottingham Forest for similar breaches. Leicester, now back in the Premier League, has drawn one and lost two of their initial matches this season.