In the 2023-24 Championship season, Leicester City has been charged by the Premier League for an alleged breach of EFL financial rules. The club could face a points deduction and/or a fine, although the specifics are yet to be determined. The independent commission will assess three alleged breaches: failure to provide accounts to the Premier League by 31 December, 2024; failure to "provide full, complete and prompt assistance to the Premier League in response to the league's inquiries"; and the primary breach of EFL rules during the 2023-24 season.
The initial decision followed two contrasting rulings. While the tribunal upheld that the Premier League could not punish Leicester for breaching Premier League profit and sustainability (PSR) rules for the 2022-23 season (as the club had been relegated), it also established the Premier League's jurisdiction to investigate the club for breaching EFL rules in 2023-24.
Leicester, who were relegated to the Championship this season, intend to cooperate with the investigation. The Premier League's jurisdiction is based on the EFL validly transferring responsibility for its investigation to the Premier League in June 2024, when Leicester was promoted.
The alleged breach pertains to the assessment period concluding at the end of the 2023-24 season. Under the PSR rules, Leicester's losses cannot exceed £83m for the three years up to 2023-24. In their 2022-23 accounts, Leicester confirmed an £89.7m loss while in the 12 months up to May 2022 they lost a club record £92.5m.
Source: BBC Sports Football
Post a Comment