Leicester charged with new financial rules breach

Leicester are facing a possible points deduction and fine after being referred to an independent commission

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Leicester City could face a future points deduction after being charged with an alleged breach of the English Football League's financial rules.

The Foxes have been referred to an independent commission after being charged by the Premier League for an alleged profit and sustainability (PSR) breach for the year 2023-24, when they were in the Championship.

The new charge follows a lengthy arbitration process over who holds jurisdiction over Leicester, with the club bouncing between the Championship and Premier League in recent seasons.

A tribunal has now ruled the Premier League has the power to charge Leicester, who have been relegated from the top flight and will play in the Championship next season.

The timeline of the case should still come under the Premier League's 12-week fast-track process, meaning any possible points deduction, depending on the outcome of the case, could come in Leicester's season in the Championship in 2025-26.

But football finance expert Kieran Maguire told BBC Sport he believes it is unlikely a punishment would be imposed on Leicester while they are in the second tier because the Premier League and EFL are separate entities.

The independent commission will also assess two further alleged breaches by the Foxes; that they failed to provide accounts to the Premier League by 31 December, 2024, and that they did not "provide full, complete and prompt assistance to the Premier League in response to the league's inquiries".