Leicester have been charged by the Premier League for alleged financial breaches in the 2023-24 campaign (Image: PA Archive/PA Images)
Leicester City face fresh charges from the Premier League for alleged financial breaches during their 2023-24 Championship campaign. The case, led by an independent commission, will focus on suspected violations of the league's profitability and sustainability rules (PSR) while they competed in the second division. Leicester have been charged by the Premier League for alleged financial breaches in the 2023-24 campaign.
The case, which will be heard by an independent commission, relates to the club allegedly breaking profitability and sustainability rules (PSR) when they were in the Championship last season. If found guilty the Foxes, who will play in the second tier again next term following relegation, could be handed a points deduction.
It means the midlands club are now involved in another legal battle with the Premier League, having earlier this season won an appeal that prevented the League from charging them for breaching PSR rules in 2022-23.
The Foxes claimed the Premier League did not have jurisdiction to charge them because they were competing in the Championship at the time.
Should the Foxes be deemed guilty, a potential points deduction awaits them as they prepare for another spell in the Championship following their relegation.
This legal battle isn't new territory for Leicester. They emerged victorious earlier this season in an appeal which halted the Premier League's attempt to punish them over alleged breaches in the previous financial year.
Leicester maintained that the Premier League didn't hold sway over the issue given their then-Championship status.
Nonetheless, the Premier League contested but couldn't overturn Leicester's successful defence, with a judicial body asserting that the organisation's challenge didn't meet its own established benchmarks.
Responding to this setback, the Premier League has now amended its guidelines to close the loophole and prevent similar cases in future.
These revisions have greenlit the initiation of proceedings related to the club’s reported infringements throughout the 2023-24 season.
Furthermore, Leicester stand accused of not submitting their yearly financial statements to the Premier League by the 31 December 2024 deadline and hindering the League's investigative efforts by not providing "full, complete and prompt assistance".
The club stated: "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.
"However, we will not be able to comment further on these proceedings until they are concluded, due to their confidential nature."