Leicester charged over alleged financial breaches

AFP | London

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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.”