Leicester City have been charged

Leicester City have been charged by the Premier League with allegedly breaking spending rules during their last three seasons in the top flight.

Leicester have been referred to an independent commission for breaching profit and sustainability rules (PSR) and failing to submit audited finances.

If found guilty the Championship high-flyers could face a points deduction.

The club are also subject to a separate financial probe by the English Football League (EFL).

Leicester, who were relegated at the end of last season, said they are "surprised" and "disappointed" by the timing of the Premier League's actions, when the club is not in the top flight.

The club added they would "defend" themselves "from any unlawful acts by the football authorities, should they seek to exercise jurisdiction where they cannot do so".

"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 Foxes continued.

Leicester are yet to make their accounts for their last season in the Premier League publicly available, but in the 12 months up to May 2022 they lost a club-record £92.5m.

A year earlier, in the season that they lifted the FA Cup for the first time, the club reported a pre-tax loss of £33.1m.

Top-flight rules permit clubs to make losses of £105m over a three-year period, or £35m per campaign, before facing sanctions.

Both Everton and Nottingham Forest have faced similar charges relating to accounts up to 2022-23, with the Reds found guilty and hit with a four-point deduction on Monday.

Everton were docked 10 points in November - which was reduced to six on appeal - for previous PSR breaches, and are waiting on a potential second punishment relating to the assessment period ending with their 2022-23 accounts.

While both Premier League clubs were required to submit their accounts by 31 December under new rules designed to speed up the reporting process and ensure any penalties were imposed during a season when the alleged transgression took place, Leicester were not required to do so after dropping out of the league.

And because Leicester were not part of the Premier League when the 'new standard directions' were adopted, which also prescribe a timeline when cases should be heard, the independent commission will set the timescale.

It means that the case, including any appeals, could run beyond the end of this season and may see sanctions, if applicable, enforced next season.

Leicester are now involved in dealing with two financial investigations, with the club the subject of an ongoing English Football League inquiry into a possible breach of PSR rules relating to the ongoing season.

The club were forecast to breach loss limits for the ongoing three-year term.

Leicester say they have "repeatedly demonstrated [their] commitment to the P&S rules through [their] operating model over a considerable period".

In 2018 they had to pay the EFL £3.1m after settling a Financial Fair Play dispute from the 2013-14 season when the club won the Championship.

Before anyone even mentions the words Manchester City, I’ll remind everyone they have also been charged.

The cases against them are much more complicated with many additional charges. The delay is due to Man City’s highly expensive lawyers.

To think that Leicester and the other 2 clubs wanted to take actions with Everton at the start of this season ....
For what happened last season

Before anyone even mentions the words Manchester City, I’ll remind everyone they have also been charged.

The cases against them are much more complicated with many additional charges. The delay is due to Man City’s highly expensive lawyers.

Man c will end up outspending epl as can keep kicking can down Rd for ever .... as for Leicester they're calling it an illegal act by epl .. as I said before they'll use fact wasn't memember of either league over the 3 yrs ffp was used so can only use the season was in epl not the 3 in the rules and visa versa for efl seasons.....

Apparently efl have sanctioned them by stopping them registering new players and renewing contracts without firstly speaking to efl....in return Leicester are suing them over the threat of sanctions.

Apparently efl have sanctioned them by stopping them registering new players and renewing contracts without firstly speaking to efl....in return Leicester are suing them over the threat of sanctions.

Allan, don’t think there’ll be a deduction this season.

But whether league they’re in next season, PL/EFL will put everything into hurting them.

Both the PL and EFL have been extremely pissed off with Leicester for a while and rightly so.

These days, PL take no prisoners.

Apparently efl have sanctioned them by stopping them registering new players and renewing contracts without firstly speaking to efl....in return Leicester are suing them over the threat of sanctions.

Allan, don’t think there’ll be a deduction this season.

But whether league they’re in next season, PL/EFL will put everything into hurting them.

Both the PL and EFL have been extremely pissed off with Leicester for a while and rightly so.

These days, PL take no prisoners.

Ned as I said previously Leicester was using fact that the 3 seasons used for ffp they were in fact in both leagues so say can't touch them... but think they've pissed off the efl/premier and they're both out to get them one way or other ...