May 21 – Leicester City, relegated from the Premier League, face an uncertain future after being referred to an independent commission over alleged profit and sustainability rule (PSR) breaches for the 2023-24 season, when they competed in the Championship.
The charges come following a lengthy arbitration process to determine jurisdiction between the English Football League (EFL) and Premier League. The tribunal ultimately ruled that the Premier League has the authority to charge the Foxes. If the case is fast-tracked, potential points deductions could affect Leicester’s 2025-26 Championship campaign.
The independent commission will also assess two additional alleged breaches: failure to provide accounts to the Premier League by December 31, 2024, and failure to “provide full, complete and prompt assistance to the Premier League in response to the league’s inquiries.”
Leicester City stated: “The club intends to engage co-operatively in this matter now that the Premier League’s jurisdiction has been established for the period ending FY24 [financial year 2024].”
Football finance expert Kieran Maguire suggests both the Premier League and EFL could pursue cases against the club. Leicester had previously been found guilty of breaching EFL PSR rules after their promotion back to the Premier League, resulting in a fine.
The news comes as the club bid farewell to striker Jamie Vardy last weekend. Vardy, who has played his final game for the former Premier League champions, described the season as “miserable and a total embarrassment” – perhaps departing at an opportune moment given the club’s mounting challenges.
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