Stefan Borson predicts the fate of a potential points deduction for Leicester and reveals Sheffield Wednesday buyer interest.
News emerged this week that Leicester face a hearing next week over three alleged PSR breaches from the 2023-24 season, stemming from a £20 million overspend while in the EFL, after losing a jurisdictional challenge.
Stefan Borson said while on talkSPORT that a 6-point deduction — 3 base points for the significant breach plus 3 more based on precedents like Everton and Forest — looks to be applicable immediately this season, with no mitigation due to their defence strategy, potentially derailing their playoff push as they’re currently four points adrift.
He also spoke on Leicester’s history of financial governance issues, including a past EFL fine, and dismisses arguments of innocence given prior admissions.
Separately, one month into administration, Sheffield Wednesday have attracted 11 credible bidders with £50 million in liquid assets, including one Borson is working with who has very deep pockets, but has warned of substantial additional costs for squad rebuilding, stadium upgrades, and a challenging multi-year path out of League One amid high expectations and scrutiny.
New: Leicester City’s Premier League charges to be heard next week. #lcfc charged with 3 alleged breaches of PSR. Massive few days in the season for Leicester and, perhaps, the Championship https://t.co/5GyZ0qGAqp
— John Percy (@JPercyTelegraph) November 18, 2025
ON LEICESTER:
Jim White: “Stefan, in studio because there’s one or two certainly pending matters that we need to address in the interest of letting the fans know what they may or may not expect.
“Leicester City is a case in point here, Stefan, is it not? They begin another legal battle with the Premier League next week. Can you outline to me again the charges, Stefan, and the likely punishment here, if it sticks?”
Stefan: “Well, it’s actually very similar to the Nottingham Forest and the Everton cases in that they breached by around 20 million quid for 23-24. That was a season when they were actually in the EFL. They then got promoted and the EFL passed the jurisdiction of the case over to the Premier League.
“So there was a case as to whether the Premier League were able to take care of the case or whether Leicester would successfully say, actually, we’re not in anybody’s jurisdiction because we’re between divisions.
“They did that with 22-23, they succeeded there, Nick DiMarco won that argument, but they did not win that argument in relation to 23-24.
“So they were then charged by the Premier League, they’re in breach by about 20 million pounds, sort of, that’s the estimate that’s out in the outside world.
“That’s around about 25 percent above the 83 million pound target that they had, because they had one season in the EFL.
“So two Premier League seasons and one EFL season, and that means that they had about 83 rather than the 105 from memory, somewhere around there.
“And that means that they’re probably, I think, I mean, there’s a lot of talk they’re going to get 9-12 points, because people have looked at the EFL guidance and said, well, in the EFL you get 12 points.
“Now, first of all, they are apparently defending the case, which means that they’re not going to admit it early.
“That means that there’s a question over cooperation and around the documentation, which would mean that if it is found against them, they are not going to get mitigation.
“And if they’re not going to get mitigation, then what you’ve got is really the base for what this breach is.
“I would say, rather than it being the 12 points that you’ve heard about in the media, or the 9 points you’ve heard about in the media, that this will actually be probably 3 points plus another 3.
“So taking the previous cases, the Premier League cases that we’ve had, the Everton and Nottingham Forest cases, it looks like they’re broadly around three base points for a significant breach, 20 million is a significant breach, and more or less about a point for every 6.5 million pounds, or about 3 points for every 20% over the limit.
“So I think it’s around 6 points.”
Jim: “And currently they’re 12, 4 points adrift of the playoffs. So when would the 6 points, if it is 6 points, when would that kick in?”
Stefan: “Straight away. Yeah. This season. And it’s 6 points before any mitigation. They may have arguments.”
Simon Jordan: “They deserve it.”
Stefan: “Well, this is the problem they’ve got in terms of trying to argue innocence. They did breach 22-23.”
Simon Jordan: “Absolutely.” They have breached 23-24. These have happened. If you look at this club with all due respect to their achievement in 2016, in 13-14, when they got promoted from the EFL, they did a deal with the EFL and paid off a fine for breaching governance in 13-14, and then won the Premier League 18 months later.
“So this club’s got a history of, with respect to ownership models, and the fact they won a 16 Premier League in 2015, or it was as underdogs, they’ve still got a history of having done deals with governing bodies or breaching governance that’s consequenced them.”
Stefan: “Things have moved on in the way that PSR and financial…”
Simon: “I don’t think it’s great that Nick DiMarco drives a bus for everything. It’s badly drafted rules, which enabled him to do it, which means that the rules have got to be more sophisticated, which Man City taught everybody 18 months ago by taking on the Premier League with APT.
“But the fact of the matter is, is that Leicester have breached governance repeatedly and endlessly, and been able to find a Bermuda Triangle of space where they’ve not been consequenced by anybody.”
ON SHEFFIELD WEDNESDAY:
Jim: “I’m seeing a bunch of messages, Stephen, before you leave us today, and the messages are coming from Sheffield Wednesday fans. So one month since Sheffield Wednesday entered administration, can you give them, us, an update?”
Stefan: “Yeah, so I mean, I’m working with one of the bidders. There are a number of bidders in play. There’s a number of credible players around. Apparently there’s 11 that have given proof of funds for £50 million of liquid assets, right? That is a serious process, and there is serious interest.
“The issue is actually, as Simon discussed in previous weeks, which is that you can’t just look at the headline price here.
“This is a club that’s not had a lick of paint for quite some time. By the end of this season, it will be in League One. It will have almost no squad, and it will have a stadium that needs significant spending.
“So anybody that comes in is going to have to have deep pockets. I think the people that are circling do have deep pockets, but it is not going to be a cheap deal for anybody. And the challenges are great.
“Getting out of League One and putting Sheffield Wednesday where they want to be, back in the Premier League, is not going to be a simple journey.”
Jim: “How deep are the pockets of the bidder that you’re working with?”
Stefan: “They’re similar to the pockets of a number of the bidders. Very deep.
“But you have to be extremely wealthy now to want to commit to a five-year project of taking a club of that size.
“With Sheffield Wednesday, the attraction of it is its scale. But that’s also a downside as well, because it means that you’ve got a huge stadium. It means you’ve got huge expectation. It means that you’ve got the world’s attention.
“You’ve got local MPs, the IFR, HMRC. Everybody’s looking at the situation constantly because it’s such a big club.
“So it’s both an opportunity, and I wouldn’t call it a threat, but it’s a challenge.”
This is how fans reacted as Stefan Borson predicts the fate of a potential points deduction for Leicester and reveals Sheffield Wednesday buyer interest…
@MarkHopgoo46439: We got 18 points deducted altogether, but 6 of those were for non payment of wages and HMRC. Personally, I don’t agree with points deductions, and as a punishment they aren’t applied consistently. I am sick of fans being punished tbh.
@JackS_Official_: I’d rather we just admit to it. Hold our hands up take the deduction and move on. Learn lessons (which we won’t) #LCFC
@alexburrows148: Simon Jordan really can’t stand us can he? 🤣
@Linseyhart10: Minus 6 points! I’d take it. -#lcfc
@seanfromenderby: Worst thing about this hearing is we won’t find out what the conviction is till about March. Football is the most corrupt n crazy sport. Having a shite owner is punishment enuff, don’t need anything else! #lcfc
@Ashleypp1986: If we only get a 6pt deduction, then give Nick De Marco the freedom of the city! #LCFC
@OJSLCFC: If we only get -6 that’s a celebration 😂
@_Drew_McCoy_: Meanwhile….Manchester City just rolls along. It’s almost as if allowing a nation state to own a team (and therefore your league) was a bad idea.
@SweeneySean_: This would be an incredible result and massive let off for the incompetence #LCFC🦊
@Ryanlcfc2: I think we’ll end up with 6-8 points deduction even despite the club appealing. If 6 points is to be the case and gets applied as of now we’d be 19th with 15 points.
@MarkgLcfc: Do 3 separate PSR charges equate to 3 separate points deductions? 🤔 Up the city & all that
@lee1978lcfc: Unfortunately i think it does … Sleepwalking into league 1 … It’s alright tho JR’s got a promotion and Top’s done an interview … All is forgiven … Keep running the club into the ground. #lcfc 💙🦊
