Wednesday, May 21, 2025 - Relegated Premier League club Leicester have been charged with alleged financial breaches during their Championship campaign in 2023-24.
The Foxes are accused of breaking Football League financial
rules, with the case referred to an independent commission by the Premier
League.
Leicester, who will be back in the Championship next term
following their relegation from the top-flight this season, could be handed a
points deduction if they are found guilty.
A Premier League spokesman said: "Following an
Arbitration Tribunal's decision concerning jurisdiction, Leicester City FC has
now been referred to an independent Commission for alleged breaches of the EFL
Championship Profit and Sustainability Rules for Season 2023/24, and the club's
obligation to provide full, complete and prompt assistance to the Premier
League in response to the League's enquiries."
The Football League added in a statement: "The EFL
commenced an investigation into this reporting period following the March 2024
submissions and as is permitted in accordance with EFL Regulations,
jurisdiction for that passed to the Premier League at the conclusion of the
2023/24 season on the Club’s promotion.
"We will now await the outcome of the Premier League
proceedings."
In their own statement, Leicester responded: "The club
intends to engage co-operatively in this matter now that the Premier League's
jurisdiction has been established for the period ending FY24 (financial year
2024)."
Earlier this season, Leicester won an appeal that prevented
the Premier League from charging them for breaching profit and sustainability
rules during their top-flight campaign in 2022-23.
Leicester claimed the Premier League did not have
jurisdiction to charge them because they were competing in the Championship at
the time of the case.
The Premier League challenged Leicester's successful appeal,
but a tribunal ruled in the club's favour.
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