Leicester City are facing a points deduction having been charged with fresh breaches of the Premier League and EFL’s Profitability and Sustainability Rules (PSR).
The Premier League has referred Leicester to an independent commission over three separate breaches in the 2023-24 season.
These are breaching the Championship‘s PSR rules in 2023-24, not providing its annual accounts to the Premier League and not giving the top flight “full, complete and prompt assistance” in their investigation.
Leicester reported financial losses of over £200m between 2021 and 2024.
Clubs are permitted to lose £105m over a three-year period in the Premier League, though this is reduced to £81m in the Championship are adjusted to £81 million.
Points deductions have become the standard punishment for breaching PSR rules, with a significant deduction likely if Leicester are found guilty by the independent commission.
Any potential points deduction could apply in the Championship after Ruud van Nistelrooy‘s club were relegated this season.
It was also confirmed that the Premier League’s appeal against Leicester avoiding punishment for the 2022-23 season has been unsuccessful, so they will avoid any retrospective penalty for that period.
But the loophole the Foxes took advantage of to win that case has since been closed, so the EFL can hand down punishment for the Premier League’s case.
The updated Premier League rules state: “If a club is relegated from the [Premier] League, that club shall, notwithstanding relegation, remain bound by rules … as if it were still a [Premier League] club, until such time as it has complied with all of its obligations relating to its last season as a club.
“If any club is found to have been in breach of any EFL regulation … the board shall have the power to impose any penalty on that club.”
An EFL spokesperson said: “The EFL notes that the Premier League has today referred Leicester City to an independent Commission for an alleged breach of Profit and Sustainability Rules for the period ending season 2023-24.
“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.”
In a statement, Leicester said: “Consistent with its previous commitments, the club intends to engage cooperatively in this matter now that the Premier League’s jurisdiction has been established for the period ending FY24 [the financial year 2023-24].
“However, we will not be able to comment further on these proceedings until they are concluded, due to their confidential nature.”
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