Leicester City have been charged by the Premier League for allegedly breaking Profitability and Sustainability Rules (PSR).
The Foxes are currently competing in the Championship following their relegation from the top-flight are are locked in a promotion fight with Leeds and Ipswich.
Like Everton and Nottingham Forest – Leicester could face a points deduction ifthey are found guilty – but that wouldn’t be enforced in the current season.
A Premier League statement read: ‘The Premier League has today (March 21) referred Leicester City FC to an independent Commission for an alleged breach of Profitability and Sustainability Rules (PSRs) and for failing to submit their audited financial accounts to the League.
‘The alleged breach relates to the assessment period ending season 2022/23, when the club was a member of the Premier League.
‘Leicester City were relegated to the EFL Championship prior to the introduction of the Premier League’s new Standard Directions, which prescribe a timeline within which PSR cases should be heard.
‘Therefore, the proceedings will be conducted in accordance with a timetable to be set by the independent Commission, and its final decision will be published on the Premier League’s website.’
Leicester have released a statement in response which read: ‘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.
‘LCFC remains willing and eager to engage constructively with the Premier League and the EFL to seek the proper resolution of any potential charges, by the right bodies, and at the right time.
‘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.’
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