Keith Wyness: Leicester points deduction news is 'coming quickly'

Everton’s former chief Keith Wyness expects Leicester City to receive news soon from the Premier League about their profit and sustainability (PSR) case.

Speaking on the new edition of Football Insider’s Inside Track podcast, the 66-year-old – who served as CEO at Goodison Park between 2004 and 2009 and now runs a football consultancy advising elite clubs – suggested Leicester have looked to significantly strengthen their squad despite their financial situation.

The club were charged in March with a breach of the Premier League’s PSR rules for 2022-23, with a points deduction set to be the likely punishment.

Leicester reported losses of £89.7million in 2022-23 despite top-flight sides only being permitted to lose £105million over a rolling three-year period.

But Steve Cooper’s side continued to splash the cash on new signings during the summer transfer window, having spent more than £70million on nine new additions.

Leicester aiming to improve finances to fight points deduction case

Wyness believes Leicester are looking to ensure they remain in the Premier League while they fight their PSR case.

He told Football Insider‘s Inside Track podcast: “There is no update on the legal side.

“My position has always been that Leicester would rather fight this when they are in the Premier League.

“If they have got a strong squad and they can try and stay in the Premier League, that will give them more financial resources to fight any battle as well.

“Any club would rather fight it from being in the Premier League rather than being in the Championship, so I think they are doing their best to try and do that.

“They have had a rocky start to the season.

“There is no news yet, but I do expect news coming quickly from the Premier League regarding timings and where we are going to go with this.

“We will be watching the Leicester space quite closely.”

In other news, Leeds fans rage at Leicester points deduction update.

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