Leicester City owner Aiyawatt Srivaddhanaprabha has discussed the Championship club’s imminent Profit and Sustainability Rules hearing, as well as his aspirations for the King Power Stadium outfit.

The Foxes could face a significant points deduction if they are found guilty of a PSR breach, amid their already dwindling hopes of making an immediate Premier League return, with three charges to be heard – breaching the PSR limit during the 2023-24 Championship-winning season; failing to file their annual accounts with the Premier League before the December 31 deadline; and breaching an explicit rule in the League’s handbook which gives all clubs a “obligation to

Following their defeat to Oxford United last Saturday, Leicester terminated former manager Marti Cifuentes, leaving them 14th in the Championship table, six points behind the play-off places.

The King Power Stadium team will visit Charlton Athletic in their next league encounter, which will be managed by former Foxes player Andy King on an interim basis.

Aiyawatt Srivaddhanaprabha confesses he is apprehensive about the next PSR hearing at Leicester City.

Leicester remain in the FA Cup, where they will face Southampton in the fourth round next month, while they continue to aim for a top-six finish in the Championship.

More importantly, Foxes owner Khun Top admitted in an interview with Sky Sports News that he is concerned about his club’s next PSR hearing, acknowledging that he has done everything he can to keep the club financially compliant with all regulations.

The 40-year-old remarked, “I’m frightened as well. “We try to comply with PSR every year, but the only time we don’t know what it is is when we were relegated.”When you do not intend to relegate, it hits you hard. I can’t fix anything; it’s the past. We comply with the remaining seasons. I’m sure at a club like Leicester, everyone enjoyed the story of what we were doing. “When we try to comply, we work hard.”

Srivaddhanaprabha aims to advance the Championship team beyond the hearing, even if it implies a points deduction for East Midlands.”We need to find a new CEO,” Khun Top continued.I’m working on it; a new commercial director and a sporting director will be hired soon to assist John (Rudkin). Following that, I need to put in a lot more effort.”

Leicester City’s PSR issues have struck the Foxes hard in the transfer window.

Leicester are vying to return to the Premier League, but their financial condition forces them to focus on lowering their pay bill rather than adding talent to their ranks, which could help them climb into the play-offs.

As a result, the Foxes have made no signings in the winter transfer window, while Belgium defender Wout Faes has joined Monaco on loan from the Championship club.

Leicester’s lack of transfer activity makes it doubtful that they will defeat Bristol City, Watford, and Preston North End in the fight to remove Millwall and Wrexham from their present top-six positions.

Srivaddhanaprabha’s confessions will worry Foxes fans, while future games against fellow play-off outsiders Birmingham City and Southampton, followed by matches against promotion contenders Stoke City and Middlesbrough, could also cause problems.

Meanwhile, Leicester are looking to hire Russell Martin as their new manager, despite the fact that his last tenure in the Scottish Premiership with Rangers was mainly unsuccessful, with former Foxes defender Gary Rowett and Hearts manager Derek McInnes also being connected.

Furthermore, Martin may struggle to build promotion credentials with the Foxes while owner Srivaddhanaprabha continues to deal with PSR worries, which are limiting transfer activity.