The Premier League have referred Leicester City to an independent commission for alleged breaches of the EFL’s Profit and Sustainability Rules (P&S) for the 2023/24 season.
The Foxes are also accused of of alleged breaches of the club’s obligation to provide its annual accounts to the Premier League by 31 December 2024 and to provide full, complete and prompt assistance to the Premier League in response to the league’s inquiries.
Premier League charge Leicester City over alleged financial breaches
Leicester responded to the charges, saying they will “engage cooperatively in this matter”, but do not plan on making any further comment until the matter is resolved.
The Midlands outfit successfully appealed a charge for alleged breaches relating to the 2022/23 season when they were in the top flight, on the grounds that the Premier League did not have jurisdiction over the club when they were then in the Championship having been relegated.
The Premier League appealed against Leicester’s successful appeal, but an arbitration tribunal ruled that it wouldn’t overturn Leicester’s successful appeal as the league didn’t meet the high bar for it to happen.
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While Leicester have been cleared for the 2022/23 season, the ruling declares that the Premier League does have jurisdiction as it pertains to the 2023/24 season, when Leicester were in the Championship.
As per the tribunal’s decision, “the Commission has jurisdiction under E.77 of the 2024/25 Premier League Rules to investigate an alleged breach by LCFC of the EFL’s P&S Rules in force for the 2023/24 Season”.
The decision comes off the back of a new tightening of the rules between the Premier League and EFL, to avoid loopholes that Leicester exploited when they were moving from one division to the next.
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