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Leicester City to lose some of their biggest stars after latest accounts show massive £89.7m loss for 2022-23

Leicester City may lose some of their biggest stars after their latest accounts showed a massive loss of £89.7 million for the 2022-23 season.

This has taken their total losses over the last three seasons to over £215m. They must sell players this summer to comply with the Premier League’s Profit and Sustainability (PSR) regulations. 

Kiernan Dewsbury-Hall, Mads Hermansen and Wout Faes are some of their big stars who would generate sizeable funds if they decide to sell. 

Leicester were charged by the Premier League last month for breaching PSR.

The Midlands club are facing a points deduction for failing to submit their accounts and have been referred to an independent commission. 

They have filed legal proceedings against the Premier League and the English Football League (EFL), who have placed them under a transfer embargo.  

Rival clubs are reportedly angry with the Foxes over their legal action. They feel it is a stalling tactic to prevent them from being docked points this season. 

Leicester’s £89.7m loss is concerning as the numbers include the £75m profit generated from James Maddison and Wesley Fofana sales. 

Maddison joined Tottenham Hotspur in a £40m deal last June, while Fofana headed to Chelsea for a fee worth up to £75m in August 2022. 

Leicester are unlikely to generate that much from players sales this summer, and a season in the Championship will have reduced their income substantially this season.

Promotion is a must – Leicester have a game in hand and are two and one points respectively behind Ipswich Town and Leeds United – but even then it looks like Leicester will struggle to satisfy PSR.

But even sales and promotion might not be enough to save Leicester.

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