Leicester City have been charged with alleged financial breaches during their 2023/24 Championship campaign, the Premier League confirmed on Monday.
The Foxes, who will return to the second tier next season after a dismal Premier League run that saw them relegated, are accused of violating the English Football League’s (EFL) Profit and Sustainability Rules (PSR) and failing to cooperate with a Premier League inquiry. If the club is found guilty, it could face sanctions, which may include a possible deduction of points.
“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.” A statement from the Premier League reads.
The EFL added that it began investigating the club after receiving financial submissions in March 2024, and handed jurisdiction to the Premier League after Leicester’s relegation was confirmed.
In response, Leicester issued a statement saying they intend to engage “co-operatively in this matter now that the Premier League’s jurisdiction has been established for the period ending FY24.”
Earlier in the season, Leicester successfully appealed against Premier League charges relating to PSR breaches from the 2022/23 top-flight campaign, arguing that the league lacked jurisdiction while the club competed in the Championship.
“The club is pleased that it successfully defended the Premier League’s challenge to the Appeal Board decision concerning the PSR assessment period ending FY23,” Leicester stated.
