Regarding the numbers they have since provided, the news were accused of violating the profit and sustainability regulations (PSR) last month.
Top-flight regulations allow clubs to lose £105 million over a three-year rolling period.
It occurs even though player sales helped the Foxes—who were demoted at the conclusion of the previous season—make a profit of £74.8 million.
The team, which had placed eighth, sixth, and fifth in the Premier League the previous three seasons, characterizes relegation as a “disappointing and unanticipated decline” in its financial statements.
Susan Whelan, the chief executive of the Championship team, stated: “After a prolonged period of growth and success for club.
Following a Premier League charge, the Championship team reports losses of £89.7 million.
With their £89.7 million loss for the 2022–2023 season, Leicester City has now lost almost £215 million in total for their last three Premier League seasons.
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