The Premier League has declared that its members currently comply with profit and sustainability regulations.

There were fears clubs would be hit with points deductions as Everton and Nottingham Forest were last year, but following an analysis of the latest accounting period (2023-24), the league is satisfied.

However, there remains an outstanding problem with Leicester City.

The Foxes suffered relegation to the Championship before bouncing back to the top flight at the first attempt in the three-year period under review. Leicester made a pre-tax loss of £89.7million in the 2022-23 accounting period – a figure that would have led to a sanction – but successfully argued that they should not face punishment as they are no longer a Premier League club.

The matter is still subject to arbitration proceedings.

A statement from the Premier League this morning read: “The issues of the Premier League’s jurisdiction over Leicester City Football Club in relation to PSR compliance are currently the subject of confidential arbitration proceedings.

“Accordingly, neither the League nor the Club will make any further comment at this stage about any aspect of the Club’s compliance or otherwise with any PSR or related regulations, unless a complaint has been made by the League against Leicester. Any breach of the PSR for the season ending 2023-24.”