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Why Leeds United will not face Nottingham Forest-style points deduction after transfer deadline missed

Leeds United, a Premier League football club, have recently missed the deadline for submitting their 2023-24 financial accounts to the English Football League (EFL). However, despite this delay, there is no imminent threat of a points deduction or any other Profitability and Sustainability (FFP) related penalties being imposed on the club.

The EFL's Financial Fair Play (FFP) regulations aim to ensure that football clubs operate within their means, both financially and sustainably, over a rolling three-year period. The regulations include rules on breaking even, which require clubs to limit their losses, and profitability, which require clubs to make an annual profit or at least break even over a three-year period.

When a club fails to submit its financial accounts on time, it can face various sanctions, including fines, warnings, or even points deductions, depending on the severity and frequency of the breaches. However, the EFL has confirmed that no such penalties are being considered for Leeds United at this time.

A spokesperson for the EFL stated, "The EFL has been in regular dialogue with Leeds United regarding their delayed financial reporting. The club has provided assurances that they are making progress in finalising their accounts and we continue to work closely with them to ensure that these are submitted as soon as possible."

It is important to note that the EFL's FFP regulations have undergone significant changes in recent years, with a greater emphasis on working collaboratively with clubs to help them achieve financial sustainability rather than imposing heavy penalties. Additionally, the current economic climate, which has been affected by the COVID-19 pandemic, has led to increased flexibility from the EFL in enforcing FFP rules.

In conclusion, while Leeds United have missed the deadline for submitting their 2023-24 financial accounts, there is currently no indication that they will face a points deduction or any other significant FFP-related penalties. The EFL is working closely with the club to help ensure that their accounts are submitted as soon as possible, while also taking into account the challenges posed by the ongoing pandemic.

Published 18 days ago

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