On their return to the Premier League, Leicester might lose two points, based on reports.
For “an alleged breach of Profitability and Sustainability Rules (PSRs) and for failing to submit their audited financial accounts to the League,” the Foxes were referred to an independent commission in March.
The accusation is related to Leicester’s Premier League relegation during the 2022–2023 season.
After consulting with legal counsel, the EFL declared that it lacked the authority to subtract any points from the club’s standing while they remained in the Championship, per the terms of the existing rulebook.
Leicester, who are now without a manager after Enzo Maresca joined Chelsea, have returned to the Premier League and might potentially be fined two points, as reported by The Sun.
The second charge would in turn stem from the EFL, who are reportedly gearing up to charge Leicester with breaching spending limits during their Championship-winning 2023-24 season.
The club are in the midst of being investigated for potential breaches by the EFL, who placed the Foxes under a transfer embargo in March.
The East Midlands club were keen for the first case with the top flight to be resolved this summer so they can know of any points deductions before the season begins.
However, the case will not be fast tracked, with the independent commission yet to set a date for a hearing.
The delay is said to be Leicester’s fault due to the ‘aggressive’ approach they have taken to fight the charges.
The club announced they had launched ‘urgent legal proceedings’ against the Premier League and EFL after being charged with breaching Profit and Sustainability Rules.
Sources with knowledge of the case have told Mail Sport that Leicester’s breach is ‘significant,’ which based on previous PSR hearings would trigger a six-point sanction, while the club’s combative approach means it would not be reduced on the basis of their co-operation.
Following the news of the charge in March, a Leicester spokesman said: ‘Leicester City is surprised at the actions the Premier League has taken today.
‘The Club is extremely disappointed that the Premier League has chosen to charge LCFC now, despite the Club’s efforts to engage constructively with the Premier League in relation to the matters that are the subject of this charge, even though LCFC is not currently a Premier League club.
‘The Club continues to take careful advice about its position and, if necessary, will continue to defend itself from any unlawful acts by the football authorities, should they seek to exercise jurisdiction where they cannot do so, as occurred earlier this year.
‘LCFC has repeatedly demonstrated its commitment to the P&S rules through its operating model over a considerable period, achieving compliance while pursuing sporting ambitions that are entirely credible given the consistent success that the Club has achieved in that time, both domestically and in European competition.
‘As we continue to represent the Club’s position, we will continue to fight for the right of all clubs to pursue their ambitions, particularly where these have been reasonably and fairly established through sustained sporting achievement.’
