Southampton chairman Henrik Kraft has stepped down from his role with the relegation-threatened Premier League club and been replaced by majority shareholder Dragan Solak.

Issues as to the jurisdiction of the Premier League over Leicester City Football Club in relation to PSR compliance are currently the subject of confidential arbitration procee

Leicester City will not face any charges for breaching Profit and Sustainability regulations by the Premier League, according to journalist John Percy of The Telegraph. Leicester supporters will have been waiting anxiously to discover whether they will receive a points deduction during their crucial fight to survive in England's top flight.

This week is expected to be a crucial one for Premier League clubs facing profit and sustainability regulation (PSR) concerns. First reported by the Guardian, the Premier League will look to dish out punishments to any clubs found to be in breach of PSR,