It’s not just the Premier League that is bracing for a thrilling three-horse title race over the next few weeks: the Championship is also playing host to an exciting three-way battle as Leicester City, Leeds United and Ipswich Town jostle for the two automatic promotion spots.
Remarkably, all three teams could finish on more than 100 points in what is one of the most relentless promotion races in recent history.
As usual in the Championship, there are narratives galore, but recent developments at the King Power Stadium mean Leicester’s quest for promotion is being played amidst a backdrop of uncertainty
That’s because Enzo Maresca’s men face the prospect of starting the 2024/25 season with a points deduction… whatever league they find themselves in.
The Foxes, who won the Premier League in 2016 and the FA Cup three years ago have swallowed heavy financial losses in recent seasons – and it would appear the bill is now very much overdue. The club announced eye-watering losses of £89.7 million for the 2022/23 season this week, figures which came after they were charged for allegedly breaching profit and sustainability rules (PSR).
That made their losses for the past three seasons stand at more than £215m – with regulations stating that top-flight clubs cannot lose more than £105m over a rolling three-year period.
This latest set of accounts included the sales of Wesley Fofana to Chelsea for £70m and James Maddison to Spurs for £40m, with both deals done before the June 30 cut-off point. Further sales are likely to be needed before June 30 this summer if the club are to turn their finances around.
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