Leicester City fans up and down the country are breathing a sigh of relief after the latest profit and sustainability charges were revealed.
The Foxes will not face a charge for breaching PSR, as will no other Premier League clubs.
While Leicester fans celebrated the outcome of the PSR verdict, it wasn’t the same feeling elsewhere.
Simon Jordan said he hopes the Foxes are relegated and plenty of opposition fans were quick to slam Leicester for avoiding PSR charges.
It’s the second time this season that Leicester have successfully avoided any wrongdoing and some believe this now means that the Foxes will open their wallets and spend to assure themselves of survival.
However, it would be naive to think that this will definitely happen.
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Leicester are still at risk of breaching PSR
There is plenty to smile about in the short term, but Tuesday’s verdict could just be a rain check on bad news for the East Midlanders.
Due to the Premier League appealing Leicester’s successful case back in November, the Foxes are still at risk of facing punishment as no new charges are allowed to be implemented until the case relating to the 2022/23 season is resolved.
Therefore there’s every chance that regardless of the outcome, the Blues could still face a charge and so far, no date has been set for when the results of the appeal will be confirmed.
Financial expert Stefan Borson believes Leicester won’t be punished any further but for now, it remains a waiting game.
Leicester won’t want to take risks again in the transfer window
It was only a decade ago that people were in awe of Leicester’s recruitment. The likes of N’Golo Kante and Riyad Mahrez, one of the Foxes’ best January transfers, were all brought in on cut-price deals and excelled.
Their method relied on selling one key player a season and after choosing not to do so in 2021, it all unravelled.
Poor business in the summer of 2021, January 2023 and last summer under Steve Cooper have all had knock-on effects.
Examples such as £20m signing Oliver Skipp, who has failed to impress are examples of where the club have got it wrong.
Some of the most expensive January transfers for the Foxes came in 2023, the year they were relegated from the Premier League.
Ruud van Nistelrooy’s side are facing a similar battle this year and are 19th in the Premier League. Mistakes like that cannot afford to happen again as if they were to spend big and go down, it could have serious long-term issues.
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| Position | Team | Played MP | Won W | Drawn D | Lost L | For GF | Against GA | Diff GD | Points Pts |
| 17 |  WolvesWolves | 20 | 4 | 4 | 12 | 31 | 45 | -14 | 16 |
| 18 |  IpswichIpswich | 20 | 3 | 7 | 10 | 20 | 35 | -15 | 16 |
| 19 |  LeicesterLeicester | 20 | 3 | 5 | 12 | 23 | 44 | -21 | 14 |
| 20 |  SouthamptonSouthampton | 20 | 1 | 3 | 16 | 12 | 44 | -32 | 6 |
Leicester keeping cautious on transfer fees
One thing that has been noticeable this transfer window is that Van Nistelrooy and co are looking for cheap deals.
Nothing epitomised that more than Leicester being put off by Kyle Walker-Peters’ £7m valuation as they looked to improve in the right-back slot.
Woyo Coulibaly is one step away from joining for £3m, which shows the market they are operating in.
Loan deals are also likely to be a target for the Foxes whilst players such as Wout Faes could reportedly leave if an offer comes in.
Fans should see this as a sign that the purse strings have been tightened and that Leicester won’t be prepared to go all guns blazing and splash the cash.