Leicester City are under renewed scrutiny, charged by the Premier League for alleged breaches of EFL financial rules during their 2023-24 Championship season.
This could lead to a points deduction for the Foxes in the 2025-26 campaign.
The charges follow a ruling confirming the Premier League’s jurisdiction over Leicester’s finances, even after their relegation.
In addition to alleged Profit and Sustainability Rule (PSR) breaches, Leicester faces accusations of failing to submit accounts and obstructing league inquiries.
Recent financial disclosures show significant losses for Leicester: £19.4m (2023-24), £89.7m (2022-23), and a record £92.5m (2021-22).
While a football finance expert suggests a penalty might not be imposed while they’re in the Championship, the Premier League’s recent rule changes keep relegated clubs bound by their regulations.
Leicester has committed to “co-operate” with the investigation. The club previously won an appeal against a 2022-23 PSR charge, but that decision was later deemed incorrect by a tribunal.
The financial struggles stem from ambitious budgeting, lack of European football, managerial changes, and costly player contracts.
