Leicester's Successful Appeal Against Alleged Financial Rules Breach Ruling

Leicester has successfully overturned a decision claiming that an independent commission had the right to investigate their alleged breach of the Premier League's profit and sustainability rules. The ruling means that the Foxes will not face a points deduction. The Premier League expressed surprise and disappointment at the outcome of the appeal. The independent appeal board determined that Leicester's accounting period ended on June 30, 2023, after the club had been relegated from the top flight, effectively clearing them of any wrongdoing regarding exceeding the maximum permitted loss over a three-season period.

The Premier League said that the appeal board's decision "effectively means that, despite the club being a member of the (Premier) League from seasons 2019/20 to 2022/23, the league cannot take action against the club for exceeding the relevant PSR threshold in respect of the associated accounting periods".

Leicester welcomed the decision, adding the verdict supported their "consistently stated position that any action against the club should be pursued in accordance with the applicable rules".

The club, shock Premier League champions in 2016, could have faced a points deduction had they been found to have breached the financial rules.

After a campaign in the Championship, Leicester returned to the Premier League this season. They have drawn one and lost two of their opening three fixtures.

Both Nottingham Forest and Everton were given points deductions last season for breaching PSR rules.

Listen to the latest songs, only on JioSaavn.com

Premier League champions Manchester City were charged early last year over 115 alleged breaches of regulations and financial rules. City strongly deny the charges.

Advertisement

(This story has not been edited by staff and is auto-generated from a syndicated feed.)