As of February 23, 2026, football finance expert Kieran Maguire has warned that another Premier League club is at “high risk” of breaching financial regulations as reported by the overlap podcast via their official x handle.
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His caution carries weight, having previously predicted sanctions for Leicester City, who were recently handed a six-point deduction in the Championship for violating Profit and Sustainability Rules covering the three-year cycle ending in 2023/24.
Although the Premier League confirmed in early 2025 that all clubs were technically compliant for the 2023/24 assessment period, several remain dangerously close to the £105 million loss threshold in the current rolling window.
Clubs reportedly under financial pressure include Chelsea, Aston Villa, Newcastle United, Everton, and Nottingham Forest.
Meanwhile, Softfootball has reported that Manchester United reported a record gross debt of £749.2 million in December 2025, intensifying scrutiny over financial sustainability across the league.
Change is also coming in the regulatory framework. From the 2026/27 season, the Premier League will replace PSR with a new Squad Cost Ratio system, limiting spending on wages, transfers, and agent fees to 85% of revenue or 70% for clubs competing in Europe.
The reform aims to tighten cost control and prevent long-term financial instability.
Leicester’s situation highlights the real consequences of breaching the rules. Despite appealing their six-point deduction, the club has overseen notable departures to stabilize finances.
Club legend Jamie Vardy joined US Cremonese on a free transfer and has scored five goals in Serie A this season. Goalkeeper Mads Hermansen was sold to West Ham United for £18 million, though he has since sought a loan move after losing his starting position.
With financial margins tightening and regulatory changes looming, Maguire’s latest warning suggests the Premier League could soon see another high-profile case.
The balance between ambition and sustainability remains as delicate as ever.
