Leicester City Hit With Financial Fair Play Charges, Facing Possible Points Deduction

‎Leicester City, the recently relegated Premier League team, has been charged with financial misconduct during their 2023/24 Championship campaign.

‎The club is accused of violating Football League financial rules. The case has been referred to an independent commission by the Premier League for investigation.

‎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 inquiries.”

‎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 by EFL Regulations, jurisdiction for that passed to the Premier League after 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 successfully appealed a Premier League charge related to breaching profit and sustainability rules during their 2022/23 Premier League campaign, preventing the club from being penalized.

‎Leicester argued that the Premier League lacked jurisdiction to file charges because they were competing in the Championship at the time. As a result, the charges were dismissed.

‎The Premier League challenged Leicester’s successful appeal, but a tribunal ruled in the club’s favor.

‎”The club is pleased that it successfully defended the Premier League’s challenge to the Appeal Board decision about the PSR assessment period ending FY23, which was the main focus of these proceedings,” Leicester said.

‎The latest financial accusations are another blow for third-bottom Leicester in a dismal season.

‎Foxes manager Ruud van Nistelrooy is awaiting confirmation on whether he will stay in charge next season or be dismissed after failing to prevent relegation.

‎Leicester have won only six of their 37 league matches and will conclude the season at Bournemouth on Sunday.